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Amsterdam, the Netherlands, February 5, 2024 — Yandex N.V., the Dutch parent company of the Yandex group (“YNV”), today announces that it has entered into a definitive agreement with a purchaser consortium (the “Purchaser”) to sell all of the Yandex group's businesses in Russia and certain international markets.
Feb 5, 2024 · 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 ...
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Feb 5, 2024 · The $5.2 billion deal is a significantly lower price than Yandex's ultimate value - its market capitalisation briefly approached $30 billion in 2021 - but would be one of the largest deals since ...
Feb 5, 2024 · The value of the transaction, which will include the sale of all Yandex N.V. businesses in Russia and a handful of neighboring markets, will amount to around 475 billion rubles ($5.2 billion ...
Mar 28, 2024 · Listen. 2:04. Yandex NV has extended through April the timeframe for completing the first stage of a $5.2 billion deal to sell its Russian business, the Dutch-based company said in a statement ...
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Nov 14, 2023 · A third source said this scenario would see Yandex NV make a clean break with Russia. The sources said it was possible buyers would not end up with 100% of the assets, as Yandex management could ...
