Yandex NV said it’s in talks to buy Russia’s leading digital bank for US$5.48bil (RM22.60bil), a challenge to former partner Sberbank PJSC as the state-controlled lender seeks to reposition itself as a technology company that can provide consumers with services from food delivery to telemedicine. — Reuters
Months after Russia’s leading technology company ended a partnership with the country’s biggest bank, the two are heading for a showdown as they build rival ecosystems.
Yandex NV said it’s in talks to buy Russia’s leading digital bank for US$5.48bil (RM22.60bil) on Tuesday, a challenge to former partner Sberbank PJSC as the state-controlled lender seeks to reposition itself as a technology company that can provide consumers with services from food delivery to telemedicine.
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