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“Yandex” fell by a billion dollars after the news on the purchase of shares by Sberbank

Pretty quick.

In just a few hours, Yandex shares fell by a billion dollars after the news that Sberbank had begun negotiations on the purchase of a large stake in the company. In total, the company’s shares lost 10% of the cost. RBC drew attention to this .

1 billion dollars
in the absolute value of the shares lost “Yandex”

The price of one share on the Moscow Stock Exchange fell from 2356.5 to 2185 rubles, and on the Nasdaq Stock Exchange – from 35.35 to 32.22 dollars.

On October 18, the media reported that Sberbank was negotiating to buy a large stake in Yandex, probably in the amount of 30%. According to The Bell, Sberbank explains the deal with an opportunity to protect Yandex from possible problems with competitors and with the state. Vedomosti, on the other hand, cites another version, according to which the authorities are dissatisfied with the “excessive independence” of the company.

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