Sale of Russian businesses: closing timeline
Company: Nebius
The claim, verbatim
Yandex N.V. has a definitive agreement to sell all of its Russian and certain international businesses to a purchaser consortium for a total valuation of RUB 475 billion, subject to adjustments, payable in cash and YNV Class A shares. The first closing is expected in the coming weeks, with the second and final closing within seven weeks after the first.
Source (primary)
nebius 8-K exhibit (yndx-20240331xex99d1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “We expect the first closing will occur in the coming weeks, with the second and final closing to take place within seven weeks after first closing.”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The release states the agreement, its RUB 475 billion valuation, the cash-and-Class-A-share consideration, and the two-closing timeline exactly as claimed.
Confirmed in the source:
- Yandex N.V. entered into a definitive agreement with a purchaser consortium
- The agreement covers all of the group's businesses in Russia and certain international markets
- The total valuation is RUB 475 billion, subject to adjustments
- Consideration is payable in a combination of cash and YNV Class A shares
- The first closing is expected in the coming weeks
- The second and final closing is expected within seven weeks after the first closing
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1513845/000151384524000012/yndx-20240331xex99d1.htm) in full (27,715 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms nebius 8-K exhibit (yndx-20240331xex99d1.htm)
Quote: “We expect the first closing will occur in the coming weeks, with the second and final closing to take place within seven weeks after first closing.”