Yandex N.V. (YNDX)
| Previous close | 18.94 |
| Open | 0.00 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 18.94 - 18.94 |
| 52-week range | 18.94 - 18.94 |
| Volume | |
| Avg. volume | 0 |
| Market cap | 6.797B |
| Beta (5Y monthly) | 0.88 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Reuters
Dutch company Yandex NV proposes 50% buyback after Russia split
YNV, which is renaming to Nebius Group, asked in an AGM notice for shareholders to approve a buyback of a maximum of 81,648,455 class A Shares at a purchase price no lower than the nominal value of the shares and no higher than $10.50 per share. A Russian consortium of buyers on Monday finalised a $5.4 billion cash and shares deal to acquire Yandex's Russia-based assets, which had been held through Nasdaq-listed Dutch parent YNV, the largest corporate exit since Russia's invasion of Ukraine in February 2022, albeit at a hefty discount. YNV said in February that it wanted to return to shareholders a substantial proportion of proceeds from the sale of its Russia-based businesses.
- Reuters
Factbox-Who is Arkady Volozh, former Yandex CEO, and what is his new AI venture?
After almost two years of negotiations, a deal to split Russian tech giant Yandex's assets was completed this week, with most revenue-generating businesses staying in Russia and former CEO Arkady Volozh returning to lead a new AI-focused group abroad. Dutch firm Nebius, founded by Volozh and headquartered in Amsterdam, hopes to tap into the burgeoning need for infrastructure that underpins global AI ambitions, while Yandex will develop its existing services independently in Russia. Once the darling of Russia's internet scene, Volozh co-founded Yandex in 1997 during the global dotcom boom, ultimately creating a company that would dominate Russia's online search market, list successfully on Nasdaq and at one point reach a market capitalisation of around $30 billion.
- Reuters
Former Yandex chief Volozh returns with AI infrastructure venture after Russia split
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. A Russian consortium of buyers on Monday finalised a $5.4-billion cash and shares deal to acquire Yandex's Russia-based assets, which had been held through Nasdaq-listed Dutch parent Yandex NV (YNV), the largest corporate exit since Russia's invasion of Ukraine in February 2022, albeit at a hefty discount. The deal marked the end of foreign ownership in Russia's leading technology firm, sharply raising the potential for Kremlin oversight of Russia's internet space.
