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World News@lemmy.mlEnglish · 1 year ago

The owners of Russia's tech pioneer Yandex are selling — at a big, Kremlin-required discount

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The owners of Russia's tech pioneer Yandex are selling — at a big, Kremlin-required discount

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World News@lemmy.mlEnglish · 1 year ago

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Tech company Yandex is selling Russian operations for $5 billion. It's a big discount

The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers and oil company Lukoil.

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OfficerBribe@lemm.ee
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1 year ago
Kind of. Parent company is based in Netherlands since 2007. Yandex search engine was launched on 1997.

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