The statement stipulates that the restructuring process
Posted: Mon Jan 27, 2025 5:28 am
Yandex is considering the option of dividing the business into parts, changing co-owners and management models in them. Profitable assets with low growth rates may remain in one part, while promising startups with losses may remain in the other.
The board of directors of cambodia cell phone number list the Dutch Yandex NV (the parent structure of the Yandex group) has begun to study the possibility of changing the ownership and management structure of the company "in light of the current geopolitical situation," it said in a statement.
Rumors about a possible division of Yandex into Russian and international parts have been discussed since this summer, but company representatives have not commented on them so far. RBC looked into which parts of Yandex will go abroad and what will remain of the Russian business.
As noted in the statement, a special committee under the board of directors of Yandex NV is considering various scenarios, including the creation of international divisions for several services, including unmanned and cloud technologies, a data tagging platform and educational services. Yandex NV will exit the shareholder structure of all other Yandex businesses, including search, advertising segments, e-commerce, logistics, food delivery, entertainment services, taxi, car sharing and others, both in Russia and in international markets. "Individual elements of management" of the listed areas are planned to be transferred to the management. They will retain the right to use the Yandex brand, and Yandex NV will subsequently be renamed.
is at an early stage and must still receive approval from the company's shareholders.
The changes will help ensure the "sustainable development" of Yandex's businesses in all markets, and the company itself will continue to develop "as a private, independent group of companies, operating in the open market and competing with local and global players." "These are exceptionally challenging times. Rest assured, as we analyze various strategic options, we will do everything possible to protect our shareholders and preserve opportunities for the 20,000 employees who have made Yandex one of the most successful technology companies in Europe," Yandex NV Chairman of the Board of Directors John Boyton is quoted as saying.
The board of directors of cambodia cell phone number list the Dutch Yandex NV (the parent structure of the Yandex group) has begun to study the possibility of changing the ownership and management structure of the company "in light of the current geopolitical situation," it said in a statement.
Rumors about a possible division of Yandex into Russian and international parts have been discussed since this summer, but company representatives have not commented on them so far. RBC looked into which parts of Yandex will go abroad and what will remain of the Russian business.
As noted in the statement, a special committee under the board of directors of Yandex NV is considering various scenarios, including the creation of international divisions for several services, including unmanned and cloud technologies, a data tagging platform and educational services. Yandex NV will exit the shareholder structure of all other Yandex businesses, including search, advertising segments, e-commerce, logistics, food delivery, entertainment services, taxi, car sharing and others, both in Russia and in international markets. "Individual elements of management" of the listed areas are planned to be transferred to the management. They will retain the right to use the Yandex brand, and Yandex NV will subsequently be renamed.
is at an early stage and must still receive approval from the company's shareholders.
The changes will help ensure the "sustainable development" of Yandex's businesses in all markets, and the company itself will continue to develop "as a private, independent group of companies, operating in the open market and competing with local and global players." "These are exceptionally challenging times. Rest assured, as we analyze various strategic options, we will do everything possible to protect our shareholders and preserve opportunities for the 20,000 employees who have made Yandex one of the most successful technology companies in Europe," Yandex NV Chairman of the Board of Directors John Boyton is quoted as saying.