Yandex top manager called relations with employees of Yandex NV projects fraternal

Yandex employees (MOEX: YNDX) there is no confrontation with former colleagues who decided to continue working in projects of the Dutch Yandex NV, “many were friends for years, spent most of their lives in the same office,” said in interview “Kommersant” director of the search and advertising technology business group of the company Dmitry Masyuk.

“We are like brothers who decided to live separately – we communicate, call each other,” said Mr. Masyuk about the relationship between the teams. Speaking about business development after the upcoming division of Yandex assets, he assured that “we continue to develop services in accordance with the long-term strategy.”

During the deal, the terms of which were disclosed in February, almost the entire Yandex business will be sold for 475 billion rubles. consortium of managers and investors in Russia. After completion of the transaction, the parent company will be MCPAO Yandex. The current parent structure, Yandex NV, will independently develop some of the services, including cloud business (Nebius AI) and a data center in Finland. The company plans to complete the first stage of the transaction to sell Russian assets to a consortium of investors by April 30.

About the conditions for dividing markets and staff – in the material “Kommersant” “Yandex is different from Yandex”.

Yuri Litvinenko