Yandex N.V. (YNDX)
- Reuters
Russian consortium announces terms for $5.2 billion Yandex cash and share deal
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. The buyback will take place at a price of 1,251.8 roubles per Yandex NV share.
- Reuters
Russian consortium announces terms for $5.2 bln Yandex cash and share deal
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. The buyback will take place at a price of 1,251.8 roubles per Yandex NV share.
- Reuters
Two Russian online film distributors charged under 'LGBT propaganda' law
Two Russian online film distributors, including a company owned by Nasdaq-listed internet giant Yandex , 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 sought to portray as evidence of moral decay in Western countries. The companies, Kinopoisk and Restream Media, face an administrative case for the "propaganda of non-traditional sexual relationships" or "gender reassignment" online, according to the notice posted on Wednesday.
