The spin-off of Yandex N.V.’s Russian and part of its international business was finalised last week and has a valuation of $2.11bn according to back of the envelope estimate conducted by analysts at Seeking Alpha. The new company is set to rename itself as Nebius Group at the next board meeting and consists of four firms: Nebius AI, Toloka AI, TripleTen, and Avride. Using a sum-of-the-parts analysis, the analysts estimated the total valuation of Yandex N.V.’s operating business at $2.11bn. Including cash reserves and minority interests in other companies, the valuation rises to $4.7bn, or $23…