Yandex is planning to sell its entire Russian business after its founder’s comments criticizing the war in Ukraine made potential investors wary of a partnership with the parent company, Bloomberg news reports. A group of Russian tycoons wants a full break with Yandex, people familiar with the plan said. Previously, talks were on the sale of a majority stake in Yandex’s Russian unit, which produces most of the company’s revenue.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>