6/2/2024, 12:27:02 am

Search engine Yandex owner to exit Russia in $5.2 billion deal

In a 475-billion-rouble deal, Russian technology company Yandex NV is being sold to a group of Russian investors, making it the largest corporate exit from the country since 2014. The sale includes Yandex's most profitable businesses and aims to prevent nationalization by the Kremlin. The deal reflects a 50% discount due to government regulations.