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The Dutch holding company behind Yandex N.V. (NASDAQ:YNDX) penned a deal with a purchaser consortium to sell its entire businesses in Russia and certain international markets for RUB475 billion (around $5.21 billion). The market capitalization of Yandex is calculated at about $10.2 billion (RUB 918 billion) based on the volume-weighted average sale price per Class A Share on the Moscow Exchange in the three months ending January 31, 2024. The divestment price comprises company’s cash balance of at least RUB 230 billion and Class A shares of about 176 million. Notably, Yandex will pay the cash …

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