Comment by r721
2 years ago
Yeah, it's some complex deal, which is hard to make sense of. Here's a Bloomberg story:
>Yandex Parent Cuts Ties to Russia in $5.2 Billion Unit Sale
https://www.bloomberg.com/news/articles/2024-02-05/yandex-pa...
And here's FT:
>Search engine Yandex to sell Russian operations for $5bn
https://www.ft.com/content/1f965442-e3f9-46dc-ae4d-ef2e05740...
The FT one (https://archive.ph/YiA3q) says almost nothing. The Bloomberg one (https://archive.ph/AsVYu) says "The Russian unit represented more than 95% of the Yandex Group’s consolidated revenues in the first nine months of 2023, and approximately 95% of its consolidated assets and employees." Not much left!