Yandex Announces Completion of News and Zen Divestment and Acquisition of Delivery Club
09/12/2022 - 05:50 AM
MOSCOW, RUSSUA, AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / September 12, 2022 / Yandex N.V., a Dutch public limited company, today announced that its Russian operating subsidiary has completed the sale of the news aggregation platform and Zen infotainment service to VK, as well as the acquisition of 100% of the food delivery service Delivery Club. The transaction has received approval from the Federal Antimonopoly Service.
Delivery Club will become a part of Yandex's E-commerce, Mobility and Delivery segment and, as of today, will be consolidated in the group's financial results. The changes will be reflected in Yandex's third quarter financial results.
About Yandex
Yandex (NASDAQ:YNDX)(MOEX:YNDX) is a technology company registered in the Netherlands that builds intelligent products and services powered by machine learning. Our goal is to help consumers and businesses better navigate the online and offline world. Since 1997, we have delivered world-class, locally relevant search and navigation products, while also expanding into e-commerce, online entertainment, cloud computing and other markets to assist millions of consumers in Russia and a number of international markets.
More information on Yandex can be found at https://ir.yandex/
Contacts:
Investor RelationsaskIR@yandex-team.ru
Press Office
Ilya Grabovskiypr@yandex-team.com
SOURCE: Yandex N.V.
https://www.accesswire.com/715508/Yandex-Announces-Completion-of-News-and-Zen-Divestment-and-Acquisition-of-Delivery-Club
YNDX Rankings
#1995 Ranked by Stock Gains
YNDX Stock Data
Industry
All Other Telecommunications
Sector
Information
Tags
Technology Services, Internet Software/Services, Information, All Other Telecommunications
Country
Netherlands
City
Schiphol
About YNDX
yandex is one of the largest internet companies in europe, operating russia’s most popular search engine and one of its most visited websites. we generated almost 60% of russia’s search traffic in q4 2014 (liveinternet), while our sites attracted over 62 million unique visitors in december 2014 (tns). yandex creates services for people, with both a deep understanding of their interests and profound knowledge of their reality. all of our products and services are created with the mission to make people’s lives easier and better and provide them with the tools to discover new possibilities in their lives. practically all of yandex’s services use machine learning – including in the ranking of search results, serving online advertisements, and performing translations. in 2009 we developed and implemented our own machine learning method – matrixnet. thanks to our speech recognition technology, users can communicate verbally with the yandex.navigator street navigation app instead of typi
