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News Breaks | | | | December 19, 2012 | | 09:17 EDT |  | YNDX | Yandex 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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News For YNDX From The Last 14 Days Check below for free stories on YNDX the last two weeks. |
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| May 6, 2013 | | 10:00 EDT |  | YNDX | Yandex Q2 revenues trending to high end of Street estimates, says ITG Research
ITG Research's data analysis indicates Yandex's Q2 revenues are coming in at the higher end of Street estimate ranges of $283M-$293M. | |
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