Yandex split finalised as Russian assets sold in $5.4 billion deal

Quick Summary:

:A deal to split the assets of Russian technology company Yandex was finalised on Monday, with a Russian consortium of investors buying the bulk of Yandex's businesses in a cash and shares deal worth around $5.4 billion.

Yandex in Russia said YNV would stop using Yandex brands by July 31.

Trading in Yandex in Russia under the new YDEX ticker will start on July 24.

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Article Details

Category: EconomyBusiness

Markets: SingaporeUkraine

Topics: Class Split Sold Yandex Russian Russia Technology Shares Finalised Deal Assets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 17:39:55 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 601 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21626915

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Official Website: channelnewsasia.com

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