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Yandex NV (NASDAQ:YNDX), often dubbed "Russia's Google," announced the sale of its operations in the European country for around US$5.2 billion cash-and-share transaction. The tech giant, which is listed on the Nasdaq and headquartered in the Netherlands, is selling to Russian investors but is expected to spin off some of its international operations first.

Proactive Investors 2024 Feb 06
YNDX Stock News Image - 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 announced on Monday after months of negotiations.

Reuters 2024 Feb 05
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Nasdaq-listed technology company Yandex NV on Monday said it had agreed a 475-billion-rouble ($5.21 billion) cash and shares deal to sell its Russian assets to a consortium of Russian investors, including a fund ultimately owned by oil major Lukoil.

Reuters 2024 Feb 05
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MOSCOW, Dec 25 (Reuters) - The completion of Nasdaq-listed Russian tech company Yandex's (YNDX.O) restructuring is expected to be postponed until early 2024, three sources familiar with the negotiations told Reuters on Monday.

Reuters 2023 Dec 25
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The Kremlin's fear of a serious tech brain drain is the main factor preventing Moscow from nationalising Nasdaq-listed Yandex , often dubbed "Russia's Google", four people with knowledge of the company's divestment plans told Reuters.

Reuters 2023 Aug 10
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A Moscow court fined Nasdaq-listed Yandex 2 million roubles ($24,242) for repeatedly refusing to provide the Federal Security Service, or FSB, with information about its users, Russia's state TASS news agency reported early on Monday.

Reuters 2023 Jun 18
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Andrei Kostin, CEO of state-owned Russian lender VTB , on Friday said that Moscow should take the Russian assets of internet company Yandex under management, as it did with two European-owned assets in April.

Reuters 2023 Jun 16
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Russian state-owned lender VTB may pull out of the running to acquire a stake in internet giant Yandex , the bank's CEO, Andrei Kostin, told Reuters, as discussions are now centered around higher prices than the bank's initial offer.

Reuters 2023 Jun 09
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The Nasdaq stock exchange has informed Russian internet giant Yandex that its stock will be delisted, Yandex said on Wednesday, over a year after trading in its securities was first suspended.

Reuters 2023 Mar 15
YNDX Stock News Image - Reuters

Russian internet giant Yandex on Wednesday reported 2022 revenue up 46% to 521.7 billion roubles ($7.05 billion), increasing its dominance in online advertising as major competitor Google pulled out of the market.

Reuters 2023 Feb 15
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