YNDX - Russia's Google Yandex Navigates Strategic Turn Divests Russian Assets for Over $5B | Benzinga
The Dutch holding company behind Yandex N.V. (NASDAQ:YNDX) penned a deal with a purchaser consortium to sell its entire businesses in Russia and certain international markets for RUB475 billion (around $5.21 billion).
The market capitalization of Yandex is calculated at about $10.2 billion (RUB 918 billion) based on the volume-weighted average sale price per Class A Share on the Moscow Exchange in the three months ending January 31, 2024.
The divestment price comprises company’s cash balance of at least RUB 230 ...