Profile
Sector:
Communication ServicesIndustry:
Internet Content & InformationCountry:
NetherlandsIPO:
24 May 2011Website:
http://yandex.comNext earnings report:
04 July 2024Last dividends:
N/ANext dividends:
N/APrice
regular market | Fri, 28 Jun 2024 13:30:00 GMTDividend
Analysts recommendations
Institutional Ownership
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 operates through Search and Portal, Taxi, Yandex.Market, Media Services, Classifieds, and Other Business Units and Initiatives segments. It provides locally relevant search and information services. The company also develops on-demand transportation, delivery, and navigation services and products, as well as operates in the e-commerce, online entertainment, and cloud computing markets to address the needs of customers in Russia and various international markets. In addition, it operates Yandex.Plus, a subscription loyalty program; offers fintech instruments, such as payment and financial services; and advertising services. Further, the company operates classifieds platforms for the sale of used and new cars, motorcycles, commercial vehicles, and spare parts; and sale and rental of apartments, houses, and commercial property for private individuals, developers, and realtors, as well as a long-term apartment rental platform to manage pre-contract rental processes and subsequent administration of the payments. Additionally, it operates Yandex Zen, a social infotainment platform that brings together content creators and users; and Yandex Cloud, a cloud platform that provides infrastructure, storage, machine learning, and development tools to build and enhance cutting-edge digital services and applications for B2B customers and individual developers. The company 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 does Yandex NV report earnings?
The next expected earnings date for Yandex NV is 04 July 2024