FILE PHOTO: The logo of Russian technology giant Yandex is on display at the company's headquarters in Moscow, Russia December 9, 2022. REUTERS/Evgenia Novozhenina/File Photo
(Reuters) - Sanctioned Russian billionaire Vladimir Potanin has acquired a 9.95% stake in internet giant Yandex, often dubbed "Russia's Google", through companies he owns, according to statements published on Tuesday from companies involved.
A consortium of Russian investors bought Yandex's Russian business from its Dutch parent in July 2024 for around $5.4 billion in cash and shares, ending foreign ownership of the internet company.
