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Tag: Yandex

Search engine Yandex exits Russia, sells assets
Tech

Search engine Yandex exits Russia, sells assets

The internet firm Yandex NV said that it has reached an agreement to sell all of its Russian assets, including a fund that is ultimately controlled by oil giant Lukoil, for 475 billion rubles ($5.21 billion) in cash and shares. By signing the transaction, Yandex would permanently lose its control of the largest technological company […]

'Russia's Google' Yandex delays restructuring to 2024
News Tech

‘Russia’s Google’ Yandex delays restructuring to 2024

The anticipated restructuring of Yandex, a Nasdaq-listed Russian technology company often dubbed “Russia’s Google,” is likely to be delayed until early 2024, Reuters reported. Yandex, a standout among Russian corporations with its potential for global expansion, faced significant challenges following Russia’s military action in Ukraine in February 2022. For over a year, Yandex has been […]

Yandex buys $702m Uber stake in joint taxi venture
Business

Yandex buys $702m Uber stake in joint taxi venture

Russian technology powerhouse Yandex announced on Friday its purchase of Uber’s stake in their joint taxi venture, marking a significant shift in the industry’s landscape. The deal, valued at $702.5 million, grants Yandex sole ownership of the group, encompassing a range of services such as taxi ordering, carsharing, and scooter rental. Yandex said in a […]