Yandex to sell its remaining Russian businesses for $5.2B — half its market value

This post is by Paul Sawers from TechCrunch

Yandex N.V., the Dutch parent company of the eponymous Russian internet giant, is selling the last of its remaining Russian businesses at a steep discount, following sanctions imposed in the wake of the Russia’s invasion of Ukraine two years ago. The value of the transaction, which will include the sale of all Yandex N.V. businesses […] © 2024 TechCrunch. All rights reserved. For personal use only.