The deal announcement comes in at 475 billion rubles (about $5.2 billion at current rates) after applying the mandatory 50% discount on Yandex’s market valuation imposed by the Russian government on all foreign investors leaving the market.
Image by Alisher Hasanov Russia’s hi-tech, internet portal Yandex is merging with Uber in the Russian Federation. Yandex cornered the taxi market years ago in Russia and it seems Uber could not break into the market in a big enough way to be profitable. The new company will be called…
Image by Alisher Hasanov The Ukrainian government today raided the offices of Russian internet giant Yandex in Kyiv and Odessa. The portal is very popular in the country and Ukraine had shut down access to the site earlier in the month. Kyiv accused the service of collecting personal data on…