Romaine Bostick breaks down the day’s top stories and trading action leading into the close.
Insight and analysis of top stories from our award winning magazine “Bloomberg Businessweek”.
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A Yandex.Market collection order in Moscow.
Source: Bloomberg
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Yandex NV has received bids from billionaires Vladimir Potanin and Vagit Alekperov to buy a controlling stake in Russia’s dominant search engine that value the company’s Russian assets at about $7 billion, according to people familiar with the matter.
The board of Yandex NV, which also owns a popular ride-hailing app and ecommerce platform in Russia, is likely to discuss the bids next week when it meets in Dubai, the people said, asking not to be identified because the information is not public. It may not make a final decision at the meeting, they said.
