Russian search engine Yandex to sell business in home country

Yandex NV (NASDAQ:YNDX), often dubbed "Russia’s Google," announced the sale of its operations in the European country for around US$5.2 billion cash-and-share transaction. The tech giant, which is listed on the Nasdaq and headquartered in the Netherlands, is selling to Russian investors but is expected to spin off some of its international operations first.    Following protracted negotiations with the Kremlin, Yandex will see its core Russian business, accounting for the lion's share of its revenue, transi ...