Yandex's Dutch parent company Yandex NV said on Monday that it has agreed to sell its Russian assets to a consortium of Russian investors, including a fund owned by oil giant Lukoil (Lukoil), for 475 billion rubles (US$5.21 billion) in cash and stock transactions. Often known as the “Russian version of Google,” Yandex has developed leading online services, including search, advertising, and online ride-hailing services. The deal will allow Russia's largest tech company to be fully owned by Russia, solidifying Yandex's exit from the Western tech world it once sought. (Global Business News)
Yandex NV同意出售其俄罗斯资产
Yandex NV agreed to sell its Russian assets
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