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  2. 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 corporate exit from the country since Moscow invaded Ukraine almost two years ago.
    www.usnews.com/news/technology/articles/2024-02-05/yandex-nv-agrees-5-2-billion-sale-of-russian-assets-to-investor-consortium
    www.usnews.com/news/technology/articles/2024-02-05/yandex-nv-agrees-5-2-…
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    Why is Yandex unable to pay its debts?Yandex (YNDX), which handles about 60% of internet search traffic in Russia and operates a big ride-hailing business, said Thursday that it may be unable to pay its debts as a consequence of the financial market meltdown triggered by the West’s unprecedented sanctions .
    What happened to Yandex NV?Yandex, while reporting a 33% drop in third-quarter adjusted net income, said its board remained committed to completing the restructuring and divesting all Russia-based businesses. It said class A shareholders had now given consent for the merger of certain intermediate Dutch holding companies into Yandex NV.
    Why is Yandex trading suspended?Yandex's trading has been suspended since February 28 on the NASDAQ this year, and more information was recently requested from the exchange. The company is being accused of suppressing free information about the war in Ukraine, and one executive has already been sanctioned.
    What happened to Yandex Group?Yandex's Dutch-registered holding company subsequently announced plans to divest ownership and control of most of Yandex Group, including its main revenue-generating businesses. The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up here. Our Standards: The Thomson Reuters Trust Principles.
     
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