Bloomberg sources said that Yandex is in talks to move the parent company from the Netherlands and retain part of the intellectual property rights for co-founder Arkady Volozh in exchange for his relinquishing his stake in the company. According to media reports, the talks are led and supervised by the first deputy head of the presidential administration, Sergei Kiriyenko, and the head of the Accounts Chamber, Alexei Kudrin. Yandex declined to comment on this media publication.
Bloomberg clarified that at the moment there have been no proposals to change the owner of Yandex, and the main direction of the negotiations is focused on the need for the company to soon leave its corporate base in the Netherlands.
Two insiders confirmed to the publication that the founder and former CEO of the Yandex group of companies, Volozh, is ready to give up his stake in the company in exchange for permission to retain intellectual property rights necessary for business development abroad, including unmanned and cloud technologies, the Yandex educational project .Practice”. Volozh has been living in Israel for several years, he received Israeli citizenship in 2017.
On August 11, the media reported that Yandex was transferring its developments in unmanned vehicles abroad. According to them, the company has already begun migrating some of its services to the cloud infrastructure of foreign providers in different countries. For example, as part of distancing itself from the Russian company Yandex, in June it began transferring developments and technologies from Russia to Israel for the development of unmanned taxis and delivery robots.
At the end of July, the media said that Arkady Volozh, the co-founder of the company, could lose control over the Russian part of Yandex. According to insider information, a deal is being worked out, during which Volozh will be able to withdraw part of the company's assets abroad and develop them independently. On the other hand, a new significant shareholder for the company may appear in the Russian part of Yandex, who will have some control over the situation. The sources explained that the head of the Accounts Chamber Alexei Kudrin was involved as the main negotiator in the implementation of such a plan. Yandex declined to comment on this media publication.
On July 26, 2022 "Yandex" announced unaudited financial results for the II quarter of this year. The growth of total revenue for the second quarter of 2022 amounted to 45% compared to the same period in 2021 - from 81 billion rubles to 118 billion rubles. Net profit amounted to 8 billion rubles, adjusted net profit - 13.1 billion rubles. The company's net loss for 6 months of this year amounted to 5 billion rubles.
On July 6, Yandex responded to a New York Times publication in which former and current employees of the company spoke about the situation with the relocation of teams and individual developers. According to sources of the publication, about 2.5 thousand employees of the company left the Russian Federation since the beginning of March and remained abroad. Moreover, the rate of departure of developers has recently only begun to increase. The employees also explained that a psychological boundary between those who remained in the Russian Federation and those who left and work from afar is beginning to form within the company.
“From 2020, you can work at Yandex in a flexible format — completely remotely, in mixed mode, or from any office or co-working space in 20 cities in Russia and around the world. At the same time, about 90% continue to work in Russia, and some of the remote ones are engaged in the development of the company's international projects in the countries of their presence. We also continue to build a new Yandex headquarters in Moscow, as we are actively developing business, services and hiring people in Russia, ”the Yandex representative explained to A.
On June 30, 2022, Yandex commented on reports that appeared in the media about alleged plans to invite the head of the Accounts Chamber Alexei Kudrin to the company's management. The media explained that employees and shareholders close to the leadership of Yandex spoke about the negotiations on this issue with Kudrin. They did not specify exactly what position in the company's management it was planned to invite the head of the joint venture.
“We are not aware of any plans by Alexei Kudrin to become an employee of Yandex. With the team of Alexei Kudrin, we have held several working meetings over the past 2-3 years, where we discussed the possibilities of developing digital projects, ”a Yandex representative explained.
On June 3, the EU added Volozh to the sanctions list. Immediately after that, Yandex announced that the co-founder of the company, Arkady Volozh, was leaving the board of directors and the post of CEO of the Yandex group of companies, as well as senior positions in the group's international subsidiaries.
On May 28, several Telegram channels (1, 2) reported that Yandex founder Arkady Volozh received a work visa, business license and permission to create 1,000 jobs with visa and legal support from the Israeli government.After that, "Yandex" once again explained that the transfer of the headquarters of "Yandex" from Moscow or the relocation of teams from Russia is not planned.
On May 17, 2022, Yandex denied information from the media about allegedly searching for buyers in the Russian Federation for a search engine, mail service, and Kinopoisk. On June 24, as a result, Yandex created a new business group, which included Kinopoisk, Music, Plus, and Afisha, as well as the fintech direction of Yandex.
On May 16, Yandex denied the transfer of headquarters from Moscow to Israel, the company does not plan to relocate teams.
On April 26, Yandex said in response to information previously disseminated in the media that it was not going to separate Russian and international business. Yandex is not considering corporate restructuring through the division into Russian and international businesses, the company's press service also said. “There are no plans to split the company,” a Yandex representative explained.
The Yandex office has been operating in Israel since 2014. Now the office team is responsible for market analysis and promotion of Yandex projects in the country, in particular Yandex.Music and unmanned vehicles.
In 2018, training at the School of Data Analysis was opened in Israel as part of a joint project between Yandex and Tel Aviv University.
Currently, the Israeli office of "Yandex" in Tel Aviv employs about 450 employees. Technically, their number can now increase to 1450 employees with the necessary documents for full-fledged work abroad.
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