Published 4 years ago

Yandex agrees to buy Tinkoff Bank to corner Russia’s ‘FinTech’ market — Meduza

Summary by Meduza

The Russian tech giant Yandex has tentatively agreed to buy 100 percent of Tinkoff Bank for $5.4 billion, the bank’s parent company, TCS Group, announced on September 22 on the London Stock Exchange. Immediately following the deal’s news, shares in Yandex on Nasdaq spiked 4.3 percent from $59.20 to $61.70.

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Reuters

Russia's Yandex in talks to buy online bank Tinkoff for $5.5 billion

MOSCOW - Russian bank TCS Group Holding <TCSq.L> <TCSGDR.MM> is in talks to sell its online bank Tinkoff to Russian internet giant Yandex <YNDX.O> for $5.48 billion , the two companies said on Tuesday. The idea was first publicly floated last year when Oleg Tinkov, founder of Russia's TCS group, suggested https://uk.reuters.com/article/idUKL8N23E2JS to Yandex's chief

4 years ago·United Kingdom

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IBTimes

Russian Tech Company To Buy Digital Bank For $5.5 Billion

Russian tech giant Yandex is set to buy digital bank Tinkoff in a $5.5 billion agreement, the two companies announced Tuesday. “The parties have come to an agreement in principle on a transaction that would consist of cash and share consideration worth approximately $5.48 billion or $27.64 per Tinkoff share,” Yandex said in a press release.

4 years ago·United States

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TASS [🇷🇺-affiliated]

Yandex negotiated Tinkoff Bank acquisition with TCS Group for $5.48 bln

Yandex confirmed in its turn that the company is holding talks with TCS Group on possible acquisition of 100% in Tinkoff Bank

4 years ago·Moscow, Russian Federation

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OAN

Russia’s Yandex in talks to buy online bank Tinkoff for $5.5 billion

September 22, 2020MOSCOW (Reuters) – Russian bank TCS Group Holding <TCSq.L> <TCSGDR.MM> is in talks to sell its online bank Tinkoff to Russian Internet giant Yandex <YNDX.O> for $5.48 billion, the two companies said on Tuesday.The idea of integration between the two industry leaders was first publicly floated in June 2019 when Oleg Tinkov, the main shareholder of Russia’s TCS group, told https://uk.reuters.com/article/idUKL8N23E2JS Yandex Chief…

4 years ago·San Diego, United States

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