Russian tech giant Yandex has announced that they have completed the reorganization of their joint venture Yandex.Market and Yandex.Money with Sberbank.
In a filing with the regulatory, Yandex said, “The company will now own 100% equity shares of Yandex.Market, with an equity incentive pool set aside for Yandex.Market management.”
“Besides this, Yandex has exited the Yandex.Money joint venture. As a result, any financial services non-complete obligations between Yandex and Sberbank…
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