Russian internet giant completes $5 bn divorce ...News

Russia Today - Economy
Russian internet giant completes $5 bn divorce
source : Russia Today ( News ) () 37
Yandex will be sold to a consortium of private investors, the company has announced Yandex NV, the Dutch-registered parent company of the Yandex group, has reached an agreement to sell its Russian business, including the country’s most popular search engine, to a consortium of private investors, according to a statement released by the company on Monday. The tech giant, which is often referred to as “Russia’s Google,” will sell its Russian operations in a deal worth 475 billion rubles ($5.2 billion), which will be payable in a combination of cash and shares of the parent company, and spin off its main internationa

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