Yandex - statistics & facts
Yandex, one of the largest businesses and the most expensive internet company in Russia, is to be split in 2024. In February 2024, its holding company, Dutch Yandex N.V., announced the sale of its Russian assets due to the challenges faced following the Russian invasion of Ukraine. The Russian business will be sold for 475 billion Russian rubles (or 5.2 billion U.S. dollars) to a consortium of senior managers of Yandex in Russia and other investors. The to-be-sold assets, which include search, advertising, ride-hailing, e-commerce, and entertainment services, reportedly generated 95 percent of the total revenue of Yandex from January to September 2023. International initiatives, which will remain under Yandex N.V., to be renamed YNV, are in the segments of self-driving technologies, cloud computing, data labeling, and EdTech.
