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Primary focus of Nebius Group's next major product launch by end of 2024?
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Cloud Computing • 25%
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E-commerce • 25%
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Official announcements from Nebius Group and major news outlets
Story
Yandex Finalizes $5.4 Billion Sale of Russian Businesses, Arkady Volozh to Lead Nebius Group
Jul 15, 2024, 10:45 AM
Yandex NV has finalized a $5.4 billion deal to sell its Russian businesses. This transaction includes the sale of a 28% stake for $2.8 billion, marking the Amsterdam-based company's complete exit from Russia. The remaining assets were sold to a Russian consortium in May. Following the sale, Yandex has rebranded its remaining operations as Nebius Group. Arkady Volozh, the founder of Yandex, will return to lead the newly named Nebius Group as CEO.
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