Yandex NV Considers Selling all Russian Assets at Once

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Tech News Summary:

  • Yandex, the Dutch holding company known as the “Google of Russia,” is considering selling off its main revenue-generating businesses in Russia to focus on international development and recoup shareholder funds.
  • This potential sale could mark a significant shift for the technology giant, allowing it to distance itself from Russia and potentially open up new opportunities in international markets.
  • However, there are potential hurdles to overcome, including obtaining approval from shareholders and the Russian government, as well as navigating geopolitical tensions and potential repercussions from the Kremlin.

Yandex NV, the Russian multinational corporation specializing in internet-related products and services, is reportedly considering selling its Russian assets in one go. This news comes at a time when the company is facing increasing pressure from the Russian government and its regulatory authorities.

According to sources familiar with the matter, Yandex NV is exploring the possibility of divesting its Russian assets, which include its search engine, ride-hailing service, and other internet-related businesses. The move is seen as a potential way for the company to reduce its exposure to the increasingly stringent regulatory environment in Russia.

Yandex NV has been under scrutiny from the Russian authorities for its data collection and storage practices, as well as for its compliance with new laws aimed at tightening control over the internet and online activities. Selling its Russian assets in one go could allow the company to streamline its operations and focus on its international expansion efforts, while also alleviating some of the regulatory pressures it faces at home.

The potential sale of its Russian assets could also have significant implications for the internet landscape in Russia, as Yandex NV has been a dominant player in the country’s online market for years. If the company decides to proceed with the sale, it would mark a major shift in the Russian internet industry and could potentially open the door for new competitors to emerge.

Yandex NV has not confirmed the reports of its contemplation of selling its Russian assets, but the news has already sparked widespread speculation and discussions within the tech and investment communities. Investors and industry observers will be closely watching for any developments on this front, as the potential sale of Yandex NV’s Russian assets could have far-reaching implications for the company and the Russian internet market as a whole.

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