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- Its Dutch-based parent company sold the operation in Russia for 475 billion roubles ($5.2bn; £4.2bn), much lower than its estimated market value. The sale to a consortium of investors means Yandex's Russian business is now a fully Russian-owned entity.
www.bbc.co.uk/news/business-68213191 - People also ask
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See all on WikipediaIn March 2023, the NASDAQ exchange announced its intention to delist Yandex and a number of other companies doing business in Russia. Yandex appealed this decision. NASDAQ granted the appeal, given the company's plans to separate Russian and foreign businesses. The suspension of trading … See more
Yandex LLC is a Russian multinational technology company providing Internet-related products and services, including an Internet search engine called Yandex Search, launched in 1997, information services, e … See more
In 2008, Yandex opened a technology and business development unit called Yandex Labs in Silicon Valley. In 2011, the Istanbul office … See more
On June 1, 2017, Yandex closed its offices in Kyiv and Odesa, Ukraine after the Security Service of Ukraine raided the offices and accused the company of illegally collecting … See more
The largest Russian Internet company in revenue. By the number of processed requests is in the top world search engines. See more
In 1993, Arkady Volozh and Ilya Segalovich, friends since their school days and by then working together to develop search software, invented the word "Yandex" to describe … See more
In 2001, the company launched the Yandex.Direct online advertising network.
In January 2009, Mozilla Firefox 3.5 replaced Google with Yandex as the default search … See moreIn April 2014, a film about the history of Yandex called Startup was released.
On 20 April 2020, as a result of the COVID-19 pandemic … See moreWikipedia text under CC-BY-SA license Yandex owner to exit Russia in $5.2 billion deal | Reuters
WEBLONDON, Feb 5 (Reuters) - Yandex NV has struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed "Russia's Google" to a group of Russian investors, marking the biggest...
Search Engine Yandex Owner to Exit Russia in $5.2 Billion Deal
WEBFeb 5, 2024 · LONDON (Reuters) -Yandex NV has struck a 475-billion-rouble ($5.21 billion) deal to sell what has been dubbed "Russia's Google" to a group of Russian investors, marking the biggest...
Why the $5.2 billion sale of Russia's Yandex is significant
WEBLONDON, Feb 5 (Reuters) - A $5.2 billion cash and share deal to sell the key Russian assets of technology group Yandex (YNDX.O), often labelled as "Russia's Google", to a consortium of Russian...
WEBFeb 6, 2024 · By Mariko Oi. Business reporter. The owner of Yandex, often referred to as "Russia's Google", has said it will pull out of its country of origin. Its Dutch-based parent company sold the...
WEBYandex LLC ( Russian: Яндекс, romanized: Yandeks, IPA: [ ˈjandəks]) is a Russian multinational technology company providing Internet -related products and services, including an Internet search engine called Yandex Search, launched in 1997, information services, e-commerce, transportation, maps and navigation, mobile applications, and …
Yandex Reaches $5 Billion Deal to Exit Russia - The New York …
WEBFeb. 5, 2024. The parent firm of Russia’s most prominent technology company, Yandex, said it has agreed to sell all its assets in the country for about $5 billion, which would be one of the...
Explainer-Why the $5.2 Billion Sale of Russia's Yandex Is Significant
WEBLONDON (Reuters) - A $5.2 billion cash and share deal to sell the key Russian assets of technology group Yandex, often labelled as "Russia's Google", to a consortium of Russian investors was...
WEBFeb 5, 2024 · Under the deal, Yandex’s Russian business, which accounts for 95 per cent of the group’s revenue, assets, and employees, will be owned by a consortium including members of the company’s...
Yandex N.V. Announces Binding Agreement to Divest its Russia …
WEBUnder the terms of the proposed transaction, YNV will sell its entire interest in IJSC “Yandex”, an international joint stock company incorporated in Russia that will hold all of Yandex's assets and operations in Russia and certain international markets (the “Target”).
Yandex parent company says first phase of Russia divestment …
WEBMay 17, 2024 · It is being bought by a consortium made up of senior Yandex Russian management, a fund controlled by oil major Lukoil (LKOH.MM) and three other companies owned by businessmen Alexander...
Yandex parent company to review ownership of Russian internet …
WEBNov 25, 2022 · Russian internet giant Yandex's Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the international divisions of some services to be developed outside Russia.
Is Yandex, Russia’s Largest Tech Company, Too Big to Fail?
WEBMar 22, 2022 · For one thing, Yandex increasingly faced competition in Russia’s information economy, not least from government-controlled Sberbank, which is run by German Gref, a Putin associate and a former...
Yandex Search - Wikipedia
WEBYandex Search (Russian: Яндекс) is a search engine owned by the company Yandex, based in Russia. In January 2015, Yandex Search generated 51.2% of all of the search traffic in Russia according to LiveInternet [ ru ; uk ] .
Tech Giant Yandex Gets New Russian Owner Ahead of …
WEBJan 23, 2024 · According to Interfax, on Jan. 22 Russia’s business registry showed MKAO as the owner of 99.999% of Yandex, once the crown jewel of Russia’s tech sector. “This is a technical procedure to...
Yandex Owner to Sever Ties to Russia With $5.2 Billion Sale
WEBFeb 5, 2024 · Yandex, the tech company often referred to as Russia’s Google, has agreed to sell its Russian assets to a group of local investors for $5.2 billion, the largest corporate exit from the country...
The uneasy coexistence of Yandex and the Kremlin
WEBEvan Gershkovich. August 19, 2020. Marcin Wolski. From the end of March until mid-June, while Moscow was under coronavirus lockdown, the Russian capital emptied out—mostly. On walks to the...
How Russia’s War in Ukraine Roiled Yandex - The New York Times
WEBJul 6, 2022 · Just a few months ago, Yandex stood out as a rare Russian business success story, having mushroomed from a small start-up into a tech colossus that not only dominated search and ride-hailing...
Yandex to sell Russian businesses, flee country with its best tech ...
WEBNov 25, 2022 · While it is not state-owned, Yandex has built a close relationship with the Russian government. Yandex in 2019 agreed to give the state a greater say in its operational decisions in a bid...
Yandex parent to review ownership of Russian tech giant, seek ...
WEBMOSCOW, Nov 25 (Reuters) - Russian internet giant Yandex's (YNDX.O) Dutch holding company on Friday said it planned to divest ownership and control of most of Yandex Group, with the...
Yandex Struggles to Survive - CEPA
WEBNovember 14, 2022. Russia’s leading search engine Yandex is trying to avoid complete nationalization. It would like to move many of its operations outside of the country but requires a deal with the Kremlin. Yandex is Russia’s Google.
Yandex's restructuring deal expected to be delayed to next year
WEBDec 25, 2023 · The completion of Nasdaq-listed Russian tech company Yandex's restructuring is expected to be postponed until early 2024, three sources familiar with the negotiations told Reuters on Monday.
Yandex N.V. announces successful initial closing of the …
WEBMay 17, 2024 · Following the second closing, Yandex N.V. will have no interest in the Russian businesses. In addition, an amendment of our articles of association that was approved by our shareholders in March ...
Yandex — a fast Internet search
WEBYandex is a technology company that builds intelligent products and services powered by machine learning. Our goal is to help consumers and businesses better navigate the online and offline world. Since 1997, we have delivered world-class, locally relevant search and information services. Additionally, we have developed market-leading on-demand …
Stark Industries Solutions: An Iron Hammer in the Cloud
WEB5 days ago · Two weeks before Russia invaded Ukraine in February 2022, a large, mysterious new Internet hosting firm called Stark Industries Solutions materialized and quickly became the epicenter of massive ...
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