Welcome to our dedicated page for Yandex news (Ticker: YNDX), a resource for investors and traders seeking the latest updates and insights on Yandex stock.
Yandex N.V. news covers a Dutch technology issuer historically associated with machine-learning-powered internet services, including search, navigation, e-commerce, online entertainment, cloud computing, mobility and delivery. Company updates have addressed operating results, the impact of geopolitical conditions on its business and listing status, convertible notes, shareholder voting matters and board governance.
Recurring developments also include portfolio and corporate-structure changes, such as the completed divestment of the News and Zen services and the acquisition of Delivery Club by a Russian operating subsidiary. The company's releases frame these matters through segment activity, capital structure and public-company governance.
Yandex (NASDAQ: YNDX) has entered a binding agreement with Sberbank to reorganize its joint ventures, gaining control of Yandex.Market and exiting Yandex.Money. Yandex will pay RUB 42 billion for Sberbank's 45% stake in Yandex.Market, valued at RUB 87.3 billion, while Yandex will sell its 25% stake in Yandex.Money for approximately RUB 2.4 billion. The deal is expected to close in Q3 2020, subject to antitrust approval. Yandex aims to leverage this strategic move to enhance its e-commerce ecosystem in Russia, targeting significant growth in the sector.
Yandex (NASDAQ: YNDX), a leading internet company in Europe, has announced its 2020 Annual General Meeting of Shareholders (AGM) will take place by October 31, 2020. This decision complies with the Dutch Temporary Act COVID-19 Justice and Safety, ensuring safe attendance for shareholders. Depending on COVID-19 restrictions, the meeting may be conducted via telecommunications. Yandex, founded in 1997, has established itself as a significant player in technology, specializing in machine learning and various digital services.
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