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Former Yandex chief Volozh returns with AI infrastructure venture after Russia split

Former Yandex chief Volozh returns with AI infrastructure venture after Russia split By Alexander Marrow July 16 (Reuters) - Freed from its ties to Russia, newly unveiled Dutch firm Nebius hopes to help lead the great drive to build the infrastructure underpinning artificial intelligence, founder Arkady Volozh, who previously set up Russian tech giant Yandex, told Reuters.
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Russian tech firm Yandex's ex-international businesses launch as Nebius Group

Russian tech firm Yandex's ex-international businesses launch as Nebius Group July 16 (Reuters) - The international businesses of Russian technology giant Yandex YNDX.O , spun off in a $5.4-billion deal that was finalised this week, launched on Tuesday as Nebius Group, headquartered in Amsterdam and led by former Yandex CEO Arkady Volozh. Volozh, who co-founded Yandex in the 1990s dotcom boom, spoke to Reuters as he returned to public life following an anti-war outburst that could have derailed
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Updates Macy's July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1930 GMT on Monday: ** Macy's M.N scrapped talks with an investor group comprising Arkhouse Management and Brigade Capital that had offered to acquire the department store chain for $6.9 billion, sending its shares down 15%.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions July 15 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Monday: ** Macy's M.N has ended its buyout discussions with Arkhouse Management and Brigade Capital, saying that their raised offer lacked the certainty of financing and did not provide compelling value, sending its shares down 15% in early trading.
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Yandex split finalised as Russian assets sold in $5.4 bln deal

UPDATE 2-Yandex split finalised as Russian assets sold in $5.4 bln deal Yandex NV completes divestment of Russian assets Cash and shares deal valued at around $5.4 bln Retained businesses to come under new Nebius Group Yandex co-founder Volozh to become Nebius CEO, says source Adds bullets, detail in paragraphs 7-8, 10-13, 16-18 By Alexander Marrow July 15 (Reuters) - A deal to split the assets of Russian technology company Yandex YNDX.O was finalised on Monday, with a Russian consortium of inve
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Yandex NV finalises $5.4 bln deal to sell Russian businesses

Yandex NV finalises $5.4 bln deal to sell Russian businesses July 15 (Reuters) - Dutch company Yandex NV YNDX.O on Monday said it had finalised the divestment of its Russia-based technology assets to a consortium of Russian investors in a cash and shares deal worth around $5.4 billion. The split marks the end of foreign ownership in Yandex, often dubbed "Russia's Google", potentially tightening the Kremlin's control of the internet space in Russia, while also finalising the largest corporate exi
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds National Basketball Association, Google and ArcelorMittal July 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1 945 GMT on Wednesday: * * Google-parent Alphabet GOOGL.O has abandoned its plans to buy online marketing software company HubSpot HUBS.N , Bloomberg News reported, citing people familiar with the matter.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Honeywell, Access World, CK Hutchison, North Sea oil, Yandex, BP, Genstar, Advanced Micro Devices; updates Crest July 10 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Saudi Arabia has raised a total of $12.35 billion from a secondary share sale in Aramco 2223.SE , after the Saudi oil giant exercised an over-allotment option, a document seen by Reuters showed.
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Yandex split nears completion as Russian traders finalise share exchange

Yandex split nears completion as Russian traders finalise share exchange July 10 (Reuters) - Russian traders have finalised a share exchange for investors in Yandex, often dubbed Russia's Google, one of the final steps needed to complete a more than $5 billion deal that will see local investors take control of the bulk of the technology company's business.
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Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says

UPDATE 1-Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says Adds details, context in paragraphs 3-9 July 1 (Reuters) - A Russian consortium leading a buyout of Yandex, often dubbed Russia's Google, from its Dutch parent company Yandex NV YNDX.O said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal.
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Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says

Investors bid to exchange nearly all eligible Yandex NV shares to Russian entity, consortium says July 1 (Reuters) - A Russian consortium leading a buyout of Yandex, the company often dubbed Russia's Google, from its Dutch parent company Yandex NV said on Monday it has received bids from investors to exchange 43.9 million shares as part of the deal. Yandex is being bought by a consortium made up of senior Yandex Russian management, a fund controlled by oil major Lukoil LKOH.MM and three other co
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Yandex NV planning share buyback by end-2024, TASS reports

Yandex NV planning share buyback by end-2024, TASS reports MOSCOW, May 22 (Reuters) - The Dutch parent of Russian technology company Yandex YNDX.O plans to buy back shares from shareholders by the end of 2024, Russia's TASS news agency cited the company as saying on Wednesday. The Dutch firm, Yandex NV, last week said it had completed the first phase of a $5.2 billion deal to sell its assets in Russia to a consortium of Russian investors, and floated the possibility of a share buyback.
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Yandex parent company says first phase of Russia divestment deal is complete

REFILE-UPDATE 1-Yandex parent company says first phase of Russia divestment deal is complete Refiles to fix dropped words in para 7 By Mark Trevelyan and Maxim Rodionov May 17 (Reuters) - The Dutch parent of tech group Yandex YNDX.O said on Friday it had successfully completed the first phase of a $5.2 billion deal to sell the company, often dubbed "Russia's Google", to a consortium of Russian investors.
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Moscow Exchange to delist Yandex NV shares on July 10

Moscow Exchange to delist Yandex NV shares on July 10 MOSCOW, May 14 (Reuters) - Moscow Exchange will delist shares in technology company Yandex NV YNDX.O on July 10, Russia's largest bourse said on Tuesday. Internet search engine operator Yandex struck a 475 billion rouble ($5.27 billion) deal in February to sell its Russian asset after months of negotiations .
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Russian consortium announces terms for $5.2 bln Yandex cash and share deal

Russian consortium announces terms for $5.2 bln Yandex cash and share deal MOSCOW, May 13 (Reuters) - A Russian consortium announced terms on Monday to buy the Russian assets of technology group Yandex from Dutch parent company Yandex NV in a cash and share deal. The consortium said it expects to receive no more than 107,729,866 shares of Yandex N.V via a purchase and swap.
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Two Russian online film distributors charged under 'LGBT propaganda' law

Two Russian online film distributors charged under 'LGBT propaganda' law May 9 (Reuters) - Two Russian online film distributors, including a company owned by Nasdaq-listed internet giant Yandex YNDX.O , have been charged with offences under the country's so-called "LGBT propaganda" law, a notice on a Moscow court's website said. Russia last year expanded its restrictions on the promotion of what it calls LGBT propaganda amid a broader clampdown on LGBT rights, which President Vladimir Putin has
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Russia's Yandex reports Q1 revenue rise as market awaits spin-off news

Russia's Yandex reports Q1 revenue rise as market awaits spin-off news MOSCOW, April 26 (Reuters) - Russian internet giant Yandex reported a 40% rise in first-quarter revenue to 228.3 billion roubles ($2.47 billion), driven by growth in e-commerce and ride-hailing, with the market awaiting news on a much anticipated corporate spin-off. Yandex's Nasdaq-listed and Dutch-registered parent, Yandex NV YNDX.O , in February struck a $5.2-billion deal after months of negotiations to sell its assets in R
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