Russia
Yandex and TCS Group gave up the Takeover of Tinkoff – Online Bank
Russian Internet giant Yandex has been in talks with the TCS group over the 100% acquisition of Tinkoff Bank. TCS Group Holding is the parent company of Tinkoff Bank. The deal was agreed for $.5.48 billion; which translated to about $27.64 per share. This price included a premium of 8% on Tinkoff’s GDR price. Yandex […]
Russian Firms opting for popular IPO’s
Two Russian online companies are heading for an IPO (Initial Public Offering) in the American market in the coming months. While it’s still at a preliminary stage, this move might be the first of many more to come. With the online and digital platforms being the business of the future, two Russian online firms Ivi […]