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Stock Market & Financial Investment News

News Breaks
December 19, 2012
09:17 EDTYNDXYandex and Sberbank form joint venture for electronic money solutions
Yandex and Sberbank of Russia announced a strategic partnership in the area of e-money, through the establishment of a joint venture on the Yandex.Money platform. Yandex and Sberbank plan to be at the forefront of developing innovative online retail payment solutions by combining Sberbank's banking expertise and Yandex's internet technologies. Sberbank and Yandex will form a joint venture through the acquisition by Sberbank of a 75% interest in the charter capital of Yandex.Money for $60M, with Yandex retaining a blocking interest in the JV.
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August 21, 2014
09:33 EDTYNDXYandex downgraded to Neutral from Buy at Goldman
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