After a year and a half of negotiations, Yandex founder Arkady Volozh and the company’s foreign shareholders have reached a deal to part ways with Yandex’s Russian assets. The Russian IT giant’s Netherlands-based parent company announced Monday, February 5, that it will sell a large portion of its operations to a consortium of Russian investors before rebranding and continuing to develop its remaining international properties.
Yandex’s restructuring has been underway for more than a year. Meduza has reported together with the news outlet The Bell on the backroom negotiations that have been underway to ensure that Yandex’s core Russian assets pass to Kremlin-approved hands, and now we’re finally there. The Naked Pravda spoke to Meduza journalist Svetlana Reiter about the ins and outs of the deal.
Timestamps for this episode:
- (2:16) Review of recent news
- (5:38) Meet Yandex’s new owners
- (10:18) The future of Yandex
- (18:56) Yandex International
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