A landmark deal to split Russian technology giant Yandex was finalized on Monday, involving a consortium of Russian investors buying the majority of Yandex's businesses in a cash and shares transaction valued at approximately $5.4 billion. This development signifies the cessation of foreign ownership in Yandex, often regarded as "Russia's Google," and potentially increases Kremlin control over Russia's internet landscape. Additionally, it marks the most significant corporate exit from Russia since the invasion of Ukraine over two years ago.
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