Profile
Sector:
Communication ServicesIndustry:
Internet Content & InformationCountry:
NetherlandsIPO:
24 May 2011Website:
http://yandex.comNext earnings report:
N/ALast dividends:
N/ANext dividends:
N/ADividend
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YNDX Latest News
Yandex NV (NASDAQ:YNDX), often dubbed "Russia's Google," announced the sale of its operations in the European country for around US$5.2 billion cash-and-share transaction. The tech giant, which is listed on the Nasdaq and headquartered in the Netherlands, is selling to Russian investors but is expected to spin off some of its international operations first.
A $5.2 billion cash and share deal to sell the key Russian assets of technology group Yandex , often labelled as "Russia's Google", to a consortium of Russian investors was announced on Monday after months of negotiations.
Nasdaq-listed technology company Yandex NV on Monday said it had agreed a 475-billion-rouble ($5.21 billion) cash and shares deal to sell its Russian assets to a consortium of Russian investors, including a fund ultimately owned by oil major Lukoil.
MOSCOW, Dec 25 (Reuters) - The completion of Nasdaq-listed Russian tech company Yandex's (YNDX.O) restructuring is expected to be postponed until early 2024, three sources familiar with the negotiations told Reuters on Monday.
The Kremlin's fear of a serious tech brain drain is the main factor preventing Moscow from nationalising Nasdaq-listed Yandex , often dubbed "Russia's Google", four people with knowledge of the company's divestment plans told Reuters.
A Moscow court fined Nasdaq-listed Yandex 2 million roubles ($24,242) for repeatedly refusing to provide the Federal Security Service, or FSB, with information about its users, Russia's state TASS news agency reported early on Monday.
Andrei Kostin, CEO of state-owned Russian lender VTB , on Friday said that Moscow should take the Russian assets of internet company Yandex under management, as it did with two European-owned assets in April.
Russian state-owned lender VTB may pull out of the running to acquire a stake in internet giant Yandex , the bank's CEO, Andrei Kostin, told Reuters, as discussions are now centered around higher prices than the bank's initial offer.
What type of business is Yandex NV?
Yandex N.V., a technology company, builds intelligent products and services powered by machine learning and other technologies to help consumers and businesses navigate the online and offline world. The company's services include Nebius AI, an AI-centric cloud platform that offers infrastructure and computing capability for AI deployment and machine-learning oriented solutions; and Toloka AI that offers generative AI (GenAI) solutions at every stage of the GenAI lifecycle, such as data annotation and generation, model training and fine-tuning, and quality assessment of large language model for accuracy and reliability. It also offers Avride, an autonomous driving solution which targets ride-hailing, logistics, e-commerce, and food/grocery delivery as application domains, as well as focuses on autonomous vehicles and delivery robots; and TripleTen, an EdTech service that prepares specialists for STEM roles, and equipping them with essential technology skills. Yandex N.V. was founded in 1989 and is based in Schiphol, the Netherlands.
What sector is Yandex NV in?
Yandex NV is in the Communication Services sector
What industry is Yandex NV in?
Yandex NV is in the Internet Content & Information industry
What country is Yandex NV from?
Yandex NV is headquartered in Netherlands
When did Yandex NV go public?
Yandex NV initial public offering (IPO) was on 24 May 2011
What is Yandex NV website?
https://yandex.com
Is Yandex NV in the S&P 500?
No, Yandex NV is not included in the S&P 500 index
Is Yandex NV in the NASDAQ 100?
No, Yandex NV is not included in the NASDAQ 100 index
Is Yandex NV in the Dow Jones?
No, Yandex NV is not included in the Dow Jones index
When was Yandex NV the previous earnings report?
No data
When does Yandex NV earnings report?
Next earnings report date is not announced yet