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Report: Yandex search engine for sale

November 14, 2023

Yandex N.V., which is now a Dutch holding company, is looking to sell off its search engine and all of its other Russian assets as part of a deal estimated to be between $5 billion and $6 billion, Reuters reported.

Likely sale? A sale could come as early as December. Yandex N.V. might sell 100% of all its Russian assets or hold share options.

  • “Dutch holding company Yandex NV’s planned restructuring is aimed at recouping some shareholder funds with the sale of its main revenue-generating Russian businesses, such as its search and ride-hailing operations. It then plans to develop four other business lines internationally,” Reuters reported.

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