Yandex NV plans to restart under a new name
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The Dutch Yandex NV, the holding company of Yandex, plans to restart the international business under a new name. The social network for finding business contacts LinkedIn published several relevant vacancies, noticed Interfax. The launch of the renewed company is scheduled for early 2024.
The job description for a document management specialist states that the new company intends to become a leading player in the technology market in Europe and the Middle East. The name of the future company has not yet been disclosed. The working title of the corporate restructuring project is Project LEFT, Interfax reports, citing a source familiar with its terms.
November 25, 2022 «Yandexannounced that the group’s assets are planned to be split. A number of businesses will continue to operate in Russia, for example, autonomous cars, cloud technologies, etc. Their international parts will be separated into independent companies managed by Yandex NV, which planned to withdraw from the shareholders of the group of companies and change its name.
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