Yandex
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 […]
Russia’s YANDEX to Buy Online Bank TINKOFF for $5.5 Billion
Tinkoff online bank whose parent company is Russian Bank TCS Group is about to get sold to Yandex, Russian Internet Group for the cost of $5.48 billion. This is announced and accepted by both of the companies. There was a rumor in initial days among the public during the previous year when the founder of […]