Yandex sells its Russian operations to local executives for $5.2 billion
Yandex, often described as Russia's Google, sold its domestic operations at a knockdown price. Bloomberg reports The search and services giant, now headquartered in the Netherlands, sold its Russian operations for 475 billion rubles ($5.2 billion) in cash and stock. The new owners include the management group, as well as Russia's largest national energy company, … Read more