お知らせ • Jun 18
Yandex N.V. (NasdaqGS:YNDX) completed the acquisition of eLama, OOO from Impulse VC and others. Yandex N.V. (NasdaqGS:YNDX) agreed to acquire eLama, OOO from Impulse VC and others on January 17, 2022. eLama the contextual advertising automation service was backed, five years later, by Impulse VC. Users of eLama will not notice any changes after Yandex acquires the platform, it will retain the brand and principles of working with clients. At the same time, users will have access to new solutions for launching advertising campaigns. eLama will continue to cooperate with its existing partners. The deal will require approval from the Federal Antimonopoly Service and deal is expected to close before the end of second quarter of 2022. As on February 8, 2024, the transaction is expected to close in summer 2024. As on March 13, 2024, The transaction will allow Yandex to extensively expand its customer base and ecosystem, while strengthening its position in internet marketing. The deal closing is scheduled for mid-2024. Roman Golovatsky of Denuo assisted Yandex in its acquisition of eLama, Nikita Deynega of Maxima Legal and Nextons acting as legal advisors on the sellers’ side.
Yandex N.V. (NasdaqGS:YNDX) completed the acquisition of eLama, OOO from Impulse VC and others on June 17, 2024. お知らせ • May 15
Yandex N.V. Shares to Be Delisted on July 10 Shares of IPJSC Yandex are set to begin trading on the Moscow Exchange (MOEX: MOEX) on July 10, and the shares of Yandex N.V. will cease trading, be delisted, on the same day, the trading platform said. The Moscow Exchange has also changed the timeframe for including IPJSC shares in the list of those admitted to trading to July 8 instead of May 15. お知らせ • Apr 21
Yandex N.V. to Report Q1, 2024 Results on Apr 26, 2024 Yandex N.V. announced that they will report Q1, 2024 results on Apr 26, 2024 お知らせ • Apr 02
Yandex to be Delisted The Moscow Exchange has decided to include ordinary shares of IPJSC Yandex, the future holding company of Yandex N.V., in its first tier list of securities admitted to trading, effective from May 15, the exchange said in a statement. The shares will trade under the YDEX ticker. The start date of trading will be announced separately. Yandex itself expects that trading under the new ticker will begin in the ‘coming months,’ the company said in a statement. ‘IPJSC Yandex will continue to disclose its financial indicators and other information in accordance with the requirements for public companies,’ Yandex said in a statement. On March 7, shareholders of Yandex N.V. (the current parent structure of the company) approved the restructuring of the company. Restructuring, in particular, involves the sale of the Russian Yandex business for RUB 475 billion to the ‘Consortium.First’ private investor consortium. The first stage of the transaction is expected to be closed by April 30. Earlier, Yandex reported that the new holding structure plans to obtain a listing on the Moscow Exchange before the first part of the transaction is closed. Yandex N.V., in turn, will delist from it. お知らせ • Feb 07
Yandex N.V. to Report Q4, 2023 Results on Feb 15, 2024 Yandex N.V. announced that they will report Q4, 2023 results on Feb 15, 2024 お知らせ • Feb 06
A consortium of buyers entered into a definitive agreement to acquire Yandex LLC from Yandex N.V. (NasdaqGS:YNDX) and others for approximately RUB 790 billion. A consortium of buyers entered into a definitive agreement to acquire Yandex LLC from Yandex N.V. (NasdaqGS:YNDX) and others for approximately RUB 790 billion on February 4, 2024. Under the terms of agreement, the consortium consists of by members of the senior management team of our Russian businesses Yandex LLC, other members of the consortium are entities owned by oil company Lukoil (MOEX: LKOH), former Gazprom (MOEX: GAZP) deputy chairman Alexander Ryazanov, Leta Capital founder Alexander Chachayev and Infinitum Chief Executive Officer Pavel Prass. Under the terms of agreement, the total consideration for the sale will be RUB 475 billion, subject to adjustments and payable in a combination of cash and Class A shares of YNV. At least 50% of the consideration will be paid in cash. The consideration will be paid in a combination of: (i) a cash equivalent of at least RUB 230 billion; and (ii) the transfer to YNV of up to approximately 176 million YNV Class A Shares (the “Consideration Shares”). We understand that the Purchaser already holds or will acquire the Consideration Shares, subject to the requisite YNV shareholder approval and regulatory consents being procured, from holders in Russia either for cash or shares in Target. The cash consideration will be paid in Chinese Yuan (CNH) outside of Russia. Following the successful completion of the transaction, in full compliance with international sanctions where applicable, YNV will hold no interest in its businesses in Russia. YNV will continue to hold the four international businesses described below, as well as the net cash proceeds of the sale. In addition, the number of Class A shares that will be outstanding following the transaction will be reduced by the amount of the consideration that is satisfied in the form of Class A shares. Pursuant to the Share Purchase Agreement, the Purchaser and the members of the purchaser consortium may not transfer the shares in IJSC “Yandex”, or their participation interests in the Purchaser, during the 12-month period following the first closing. YNV plans to apply to delist its Class A shares from the Moscow Exchange, to be effective as of the second closing. The Target is expected to obtain public status and a listing on the Moscow Exchange in advance of the first closing.
Following completion of the sale transaction, YNV will retain a portfolio of international businesses and other non-Russian assets, including four early-stage technology businesses and other assets: Nebius AI, an AI cloud platform that is one of the largest providers of GPU capacity in Europe; Toloka AI, a data solutions partner for GenAI and Large Language Model development; Avride, one of the leading developers of self-driving technologies; TripleTen, an EdTech service that equips people with in-demand tech skills; our data center located in Finland; and minority investments in other technology businesses.
The consideration value YNV has negotiated and agreed with the Purchaser reflects a mandatory discount of at least 50% to “fair value”, as currently imposed as a condition to the required approval by the Government Commission for the sale of Russian assets by parent companies that are incorporated in countries considered by the Russian government to be “unfriendly”, including the Netherlands. The proposed sale will be presented for approval at a meeting of the Class A Shareholders (the “Class A Meeting”) and a separate Extraordinary General Meeting of Shareholders (the “EGM”). The sale transaction has been approved unanimously by our Board of Directors and will require the approval of a simple majority of the votes cast at the Class A Meeting and at the EGM, respectively. Completion of the Sale transaction will be implemented in two closings. At the first closing, we will sell a controlling stake in the Target of approximately 68% to the Purchaser for consideration consisting of a combination of the cash equivalent of RUB 230 billion and up to 67.8 million YNV Class A shares. The first closing is subject to certain conditions precedent, including receipt of required regulatory approvals and our shareholder approval, third-party approvals, among others and as well as the absence of any applicable sanctions or prohibition on completion. We anticipate that the first closing will occur in the first half of 2024. At the second closing, the Purchaser will pay for the remaining stake of the Target in a combination of YNV Class A shares and cash. The second closing will occur within approximately seven weeks following first closing. YNV intends to retain a portion of the net cash consideration (after adjustments, applicable taxes and other expenses) to finance the development of the retained international businesses, and ultimately to return a substantial proportion of such net proceeds to our remaining shareholders, which we currently expect will be through a share repurchase offer. 