M&A

Yandex could dismantle itself amid domestic and international pressure

November 26, 2022

Yandex, arguably the most successful and emblematic Russian digital company over the past 25 years, could be split amid the international and domestic tensions that have followed Russia’s attack on Ukraine on Feb. 24.  Confirming earlier media reports (FT, NYT, The Bell), Yandex announced Friday it had “commenced a strategic process to review options to restructure the …

Yandex could dismantle itself amid domestic and international pressure Read More

Naspers sells Russian classifieds giant Avito to Russian investor

October 31, 2022

Naspers affiliate Prosus has sold Avito, the Russian classifieds giant, for 151 billion rubles ($2.46 billion at the current exchange), to Kismet Capital Group. The transaction, which was announced in mid-October, was closed earlier this week, reported news agencies. A consortium of banks, headed by Russian Agricultural Bank, organized financing for the transaction, Kismet said.  Avito was valued at $3.85 …

Naspers sells Russian classifieds giant Avito to Russian investor Read More

VK sells its international gaming division in fear of sanctions

October 6, 2022

Last week VK Company, one of Russia’s top Internet companies, announced the sale of its international gaming division My.Games to Alexander Chachava, Managing Partner of Russian venture firm LETA Capital.  The deal includes 100% of the shares and assets of My.Games, including its studios and game products.  The deal valued My.Games at $642 million — some …

VK sells its international gaming division in fear of sanctions Read More

Yandex reaches “binding” deal to divest news service, homepage to VK

September 8, 2022

Russian tech giant Yandex said Tuesday it has reached a “binding” deal to sell its news platform and homepage to rival VK as war-related sanctions fuel uncertainty over the Russian tech industry’s future. VK said it exited its joint venture with top lender Sberbank to pave the way for the deal with Yandex, once considered the jewel …

Yandex reaches “binding” deal to divest news service, homepage to VK Read More

VK Company and Vladimir Potanin eye Avito as Naspers seeks to sell Russian digital assets

June 17, 2022

VK Company, a Kremlin-controlled Russian Internet giant, is seeking to acquire the leading local classifieds platform Avito, which is owned by Naspers affiliate Prosus.  Prosus could also sell its 25.7% stake in VK Company, reported the Russian media  citing Bloomberg. Russian oligarch Vladimir Potanin is also regarded as a potential acquirer of Avito, according to the …

VK Company and Vladimir Potanin eye Avito as Naspers seeks to sell Russian digital assets Read More

Targeted by western sanctions, Sber has to part with key digital assets

May 20, 2022

Just weeks after Yandex sold its news aggregation and online entertainment services, another key player of Russia’s online ecosystem, Sber, has deprived itself from important digital assets.  A company called Novye Vozmozhnosti (New Possibilities) is the new owner of the music service SberZvuk (previously Zvooq.ru, acquired by Sber in Aprill 2021); the video streaming service Okko (aquired …

Targeted by western sanctions, Sber has to part with key digital assets Read More

Russian owner of one of the world’s top digital banks says Kremlin forced sale of his stake

May 3, 2022

UK-sanctioned Russian businessman Oleg Tinkov said the Kremlin forced him to sell his stake in a major bank he had founded after he criticized the Ukraine war. Tinkoff Bank, one of Russia’s most impressive success stories in the tech field, has over 20 million customers — making it one of the world’s biggest digital banks. It is …

Russian owner of one of the world’s top digital banks says Kremlin forced sale of his stake Read More

Yandex sells news aggregation service to VK amid censorship law and media crackdown

April 29, 2022

Yandex, the Russian digital giant, announced today “an agreement in principle” to sell its news aggregation service and infotainment platform ‘Zen’ to VK Company. The terms of the considered transaction are not disclosed.  “While the parties have come to an agreement in principle on a transaction, they are continuing to discuss certain technical details, which will be announced …

Yandex sells news aggregation service to VK amid censorship law and media crackdown Read More

Will Yandex sell its news and infotainment services?

April 20, 2022

In mid-March Yandex, the Russian online search giant — also running a variety of other digital services — announced it intended to sell its news aggregation service and infotainment platform ‘Zen.’ The move was possibly linked to the government’s crackdown on free expression. Amid the war on Ukraine, a new law had banned what the authorities consider to be “false” …

Will Yandex sell its news and infotainment services? Read More

Caught between Russia’s censorship and West’s sanctions, Yandex seeks to sell assets

March 21, 2022

Yandex, the Russian online search giant — also running a variety of other digital services — is exploring different “strategic options, including disvestment, for its news aggregation service and infotainment platform Zen.” The company stated Friday it intended to “focus on developing its other technology-related businesses and products (including search, advertising, self-driving and cloud) and transactional services (including ride-hailing, e-commerce, …

Caught between Russia’s censorship and West’s sanctions, Yandex seeks to sell assets Read More

Softline acquires Indian provider to strengthen global cloud service offering

February 16, 2022

Softline, a Russian-founded IT solution and service provider listed on the London and Moscow stock exchanges, is to acquire Umbrella Infocare, an Indian cloud service company. This provider offers “rich and very advanced services expertise” in Amazon Web Services (AWS) and Citrix solutions. Its team of more than 200 people has served some 250 customers across various industries, completing …

Softline acquires Indian provider to strengthen global cloud service offering Read More

Russian retail major Lenta completes acquisition of e-grocery pioneer Utkonos

February 11, 2022

On Feb. 1 Lenta, a major Russian retail group listed in both Moscow and London, announced it completed the acquisition of online-retailer Utkonos from Severgroup. Lenta will finance the 20 billion-ruble ($246 million) transaction by an additional issuance of its shares, which will be placed by closed subscription to Severgroup.  As reported previously, preemptive rights may be exercised …

Russian retail major Lenta completes acquisition of e-grocery pioneer Utkonos Read More

Scroll to Top

This site is under maintenance. Sorry for the inconvenience.

This site is under maintenance. Sorry for the inconvenience.