EU countries agreed to remove Arkady Volozh, co-founder of Russia's most popular search engine Yandex, from the list of sanctions against entities and individuals associated with Russia's war against Ukraine, Reuters reported on Feb. 21, citing three unnamed sources familiar with the discussions.
BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in Yandex (NASDAQ:YNDX – Free Report) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 689,420 shares of the information services provider’s stock after selling 42,183 shares during the […]
Russian search engine giant Yandex on Thursday reported a 53% jump in full-year revenue to 800.1 billion roubles ($8.72 billion), driven by organic growth across the business, from search and advertising to e-commerce and ride-hailing. Yandex's Nasdaq-listed and Dutch-registered parent, Yandex NV, last week agreed to spin off some assets in a cash and shares deal worth $5.2 billion, a far cry from the company's value before Moscow sent its army into Ukraine in February 2022. In a world where Wes
Six months earlier, the purchase of Yandex s Russia-based businesses, which generate more than 95% of revenue, by Russian investors looked in peril when the company s co-founder Arkady Volozh called the invasion of Ukraine "barbaric". With the Kremlin highly sensitive to criticism of what it calls a "special military operation", some on the Russian side of talks wanted to leave Volozh and Yandex NV with nothing, according to four sources familiar with the matter.