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World News@lemmy.mlEnglish · 9 months ago

The owners of Russia's tech pioneer Yandex are selling — at a big, Kremlin-required discount

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The owners of Russia's tech pioneer Yandex are selling — at a big, Kremlin-required discount

lemmyreader@lemmy.ml to

World News@lemmy.mlEnglish · 9 months ago

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The Dutch parent of pioneering Russian tech company Yandex is selling its operations in the country at a steeply discounted price of just over $5 billion to its Russia-based managers, oil company Lukoil and other investors.

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Fudoshin ️🏳️‍🌈@feddit.uk
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9 months ago
I didn’t know Yandex was Dutch!
- BertramDitore@lemmy.world
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  9 months ago
  Me neither! This was news to me. For no reason I always thought it was a Russian company.
- OfficerBribe@lemm.ee
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  9 months ago
  Kind of. Parent company is based in Netherlands since 2007. Yandex search engine was launched on 1997.

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