Finance Breaking news Yandex drops $5.5bn Tinkoff takeover last financial news

Breaking-Finance.Com - Russian technology giant Yandex has called off its $5.5 billion takeover of digital bank Tinkoff after failing to agree terms.

Finance Breaking news Yandex drops $5.5bn Tinkoff takeover last financial news

Breaking-Finance.Com - Russian technology giant Yandex has called off its $5.5 billion takeover of digital bank Tinkoff after failing to agree terms.

Finance Breaking news Yandex drops $5.5bn Tinkoff takeover last financial news
16 October 2020 - 13:15

Breaking-Finance.Com - Russian technology giant Yandex has called off its $5.5 billion takeover of digital bank Tinkoff after failing to agree terms. Last month, Yandex - often called Russia's Google - made an audacious play to dive into the financial services market, agreeing in principle to buy the country's biggest challenger bank for $5.48 billion in cash and shares.

. Tinkoff says it "looks forward to continuing to partner with Yandex on current and future projects".Yandex made the initial move for Tinkoff after a wide-ranging joint venture with state-owned Sberbank ended.Sberbank has since pivoted to technology, dropping the "bank" from its name and unveiling a host of home electronic devices.

Source = Breaking-Finance.Com

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Finance Breaking news Yandex drops $5.5bn Tinkoff takeover last financial news


Finance Breaking news Yandex drops $5.5bn Tinkoff takeover last financial news


Finance Breaking news Yandex drops $5.5bn Tinkoff takeover last financial news


Finance Breaking news Yandex drops $5.5bn Tinkoff takeover last financial news

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