yandex – The News Desk

MOSCOW: The completion of Nasdaq-listed Russian tech company Yandex's restructuring is expected to be delayed into next year, two sources familiar with the negotiations told Reuters on Monday. Dutch holding company Yandex NV has been working on a restructuring for months, as it tries to ensure some of its businesses retain access to Western markets despite sanctions against Moscow over the conflict in Ukraine. The deal was initially expected to be reached in December. Any deal ultimately requires approval from shareholders and Russia's government. Yandex declined to comment on restructuring process. The company is aiming to recoup shareholder funds through the sale of its main revenue-generating Russian businesses, such as its search and ride-hailing operations. It then plans to develop f...

The founder and former CEO of Russia’s largest internet company, Arkady Volozh, has slammed Vladimir Putin’s “barbaric” war in Ukraine, becoming one of the most prominent Russian businessmen to express criticism of what Russia still calls euphemistically its “special military operation.” “I’ve been asked a lot of questions over the past year, and especially a lot of them came up this week. I would like to clarify my position,” he said in a statement released to the media. “I am totally against Russia’s barbaric invasion of Ukraine, where I, like many, have friends and relatives. I am horrified by the fact that every day bombs fly into the homes of Ukrainians,” said Volozh, describing himself “as a “Kazakhstan-born, Israeli tech ent...

Tag: yandex

Yandex’s restructuring deal expected to be delayed to next year

Arkady Volozh: Co-founder of Yandex, Russia’s Google equivalent, slams ‘barbaric’ invasion of Ukraine