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Yandex search engine sold to a Russian consortium in a $5.2 billion deal

Yandex, known as Russia’s Google, has been bought by a group of Russian companies. Originally a western company and based in Amsterdam, Yandex N.V has announced that it has agreed to sell its Russian assets – including the Yandex search engine – as part of a deal worth 475 billion rubles (roughly $5.2 billion).

Yandex N.V., the Dutch parent company of the Yandex Group, agreed to sell all of its Russia-based assets to;


  • Members of the senior management team of its Russian businesses.
  • Russia-based PJSC Lukoil Oil Co.
  • Russian entrepreneurs Alexander Chachava, Pavel Prass and Alexander Ryazanov.

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