Yandex (YNDX) has released an update.
Yandex N.V. (YNV) has completed the sale of its Russian-based operations and certain international businesses for a total of USD 5.4 billion, receiving USD 2.8 billion in cash and significant YNV Class A shares, marking a full exit from its Russian interests. The company’s shares have been delisted from the Moscow Exchange and are now exclusively on NASDAQ, with trading currently halted. Looking forward, YNV is set to introduce Nebius Group, the successor of the retained businesses, along with its management and board.
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