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Russia's Yandex says it has no plans to split up the company

Russia's Yandex says investments could pick up as revenues rise
Russia's Yandex says investments could pick up as revenues rise Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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- Russian internet giant Yandex on Tuesday said it has no plans to split the company up, responding to a media report that had said it was looking to divide into a Russian and international division.

The Meduza media outlet on Tuesday reported, citing sources, that Yandex employees were asking for opportunities to work in other countries and that plans for a new structure abroad were under consideration.

"There are no plans to split up the company," a Yandex spokesperson said.

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