Dutch owner of Russia's No. 1 search engine Yandex sells for $5.2 billion, exits country

Yandex Exits Russia, Forced to Sell off Assets at 50 Percent Discount

Tech firm Yandex, popularly known as Russia’s Google, will leave the country after selling its assets for half the value, marking one of the biggest business exits from the nation since the start of the Russia-Ukraine conflict. Yandex group, headquartered in Moscow, is owned by the holding company Yandex N.V. (YNV) registered in the Netherlands. YNV announced on Feb. 5 that all of Yandex group’s businesses in Russia and certain international mar…

Dutch owner of Russia's No. 1 search engine Yandex sells for $5.2 billion, exits country

The Dutch parent company of Yandex, Russia's equivalent of Google, has sold the business to a special purpose Russian mutual fund at a heavily discounted $5.2 billion and is pulling out of the country.

The owners of Russia's tech pioneer Yandex are selling — at a big, Kremlin-required discount

The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers, oil company Lukoil and other investors