Yandex N.V. (YNDX)
Russia's Yandex in talks to buy online bank Tinkoff for US$5.5 billion
Russian bank TCS Group Holding is in talks to sell its online bank Tinkoff to Russian internet group Yandex for US$5.48 billion (£4.30 billion), the two companies said on Tuesday.
Russia's Yandex agrees $5.5bn Tinkoff acquisition
Russian technology giant Yandex is poised to buy digital bank Tinkoff for around $5.5 billion.
Russian online services company Yandex says it has agreed to a $5.5B deal to buy Tinkoff, the country's top online bank (Max Seddon/Financial Times)
Max Seddon / Financial Times : Russian online services company Yandex says it has agreed to a $5.5B deal to buy Tinkoff, the country's top online bank — Tech group's swoop for Tinkoff presents challenge to state lender Sberbank — Russian tech giant Yandex has agreed a $5.5bn deal to buy Tinkoff, the country's top online bank, the companies said on Tuesday.
Russia’s Yandex Agrees $5.5Bln Deal For Tinkoff Bank - The Moscow Times
Yandex and Tinkoff have reached an agreement in principle on a $5.5 billion mega merger.
Russian online giant Yandex mulls financial ecosystem investments
The Russian online giant Yandex is considering venture onto the financial service terrain, while also restructuring its marketplace business in the …
Russia’s Digital Development Ministry wants to ban the latest encryption technologies from the RuNet
Russia’s Ministry of Digital Development, Communications, and Mass Media wants to ban websites from using the latest encryption technologies, to make it easier for Russia’s federal censor, Roskomnadzor, to block access to RuNet resources containing prohibited content. Experts point out that a number of large Internet companies, including the Russian Internet giant Yandex, currently rely on these technologies — and underscore that this new initiative could lead to another mass block of IP addresses belonging to major providers like Amazon Web Services and Cloudflare, the hosts behind many sites.
Yandex (YNDX) Presents At Deutsche Bank 2020 Virtual Technology Conference (NASDAQ:YNDX)
The following slide deck was published by Yandex N.V. in conjunction with this event..
Alibaba In Talks To Buy Some Of Uber's 'Grab' Stake In Ride-Share Fire Sale
Alibaba In Talks To Buy Some Of Uber's 'Grab' Stake In Ride-Share Fire Sale Tyler Durden Mon, 09/14/2020 - 06:10 In a report that probably won't raise eyebrows amid Uber's court battle for the future of its London business (the company's lawyers are facing off against Transport for London in a British court on Monday as the ride-share giant fights what is now its second operating ban handed down by the regulator), Bloomberg just revealed that Alibaba is in talks to "invest $3 billion into Southeast Asian ride-hailing giant Grab Holdings". However, instead of Grab issuing $3 billion in new shares, "a portion" of these funds - Bloomberg doesn't reveal how much - will go to Uber, allowing the San Francisco company to cash out some of the 23.2% stake in Grab (worth approx $3.25 billion of its SoftBank-inflated $14BN valuation) it accrued during the global battle over ride-share territory. The same impulse also led to Uber's misadventures in China, where it infamously sold its business to domestic rival DiDi.
The Station: Yandex spins out self-driving biz, Ike takes the SaaS road and a solid-state battery startup strikes SPAC
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. As […]
Yandex NV and Uber to spin off self-driving cars into new company
Russia's largest internet company will invest $150 million in the new division, Yandex Self-Driving Group BV, the companies said in a statement on Friday