The owner of Russian search engine Yandex is selling Yandex in $5.2 billion deal. Apparently unbeknownst to me, Yandex was set up as a subsidiary of a Dutch holding company, Yandex NV, and got itself listed on the NASDAQ. The Dutch holding company is now selling all shares for $5.2 billion and Yandex will become fully Russian-owned. Although that $5.2 billion number might lead you to think the money will be paid in dollars, but it will be paid in Chinese Yuan. Yandex NV will stop using the Yandex brand.

Yandex owner to exit Russia in $5.2 billion deal

#solidstatelife #ukraineconflict #yandex