Yandex NV Exits, Yandex MPKAO Takes Over as New Parent Company

Posted by By Dan Taylor 2 Min Read

In a major development, Yandex MPKAO has announced that the Dutch company Yandex NV has completed the sale of the Yandex business and has entirely withdrawn from the group’s shareholders. This news was confirmed through a statement on the company’s website.

Key Changes in Yandex’s Structure

By July 31, 2024, Yandex NV will undergo a name change and will cease using the Yandex brand. The company’s former foreign assets, now operating independently, are set to be developed under the new Nebius Group brand, pending shareholder approval. Arkady Volozh, co-founder of Yandex, will take on the role of CEO for these former foreign startups.

The newly established MKPAO Yandex will serve as the new parent company. Its principal owner is ZPIF Consortium.First. MKPAO Yandex will be listed on the Moscow Exchange under the ticker YDEX, with trading of the company’s shares commencing on July 24.

Alexey Kudrin’s Statement

Alexey Kudrin shared his thoughts on the transition via his Telegram channel:

“Today, the deal to buy Yandex from the Dutch Yandex NV was closed. Now 100% belongs to Russian shareholders. Yandex NV will change its name by July 31, and only one Yandex will remain, which will begin trading on the Moscow Exchange on July 24 under the ticker YDEX. And I remain an advisor to the company.”

Future Prospects

Yandex continues to make strides in various fields including search, city services, entertainment and educational services, cloud technologies, artificial intelligence, and autonomous transport. These areas remain a focal point for the company as it moves forward under the new structure.

This significant restructuring marks a new era for Yandex, ensuring it remains a key player in the tech industry with a strong emphasis on innovation and development.

Source: Yandex

Dan Taylor
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Dan Taylor is the founder and editor of International Search Insights (ISI), the publication behind ReadIsi, and a Partner and Head of Innovation (Search & AI) at SALT.agency. He has worked in search for more than a decade, in-house and agency-side, and is regarded as one of the West’s leading voices on search engines beyond Google, including Yandex, Baidu, Naver and Cốc Cốc. On ReadIsi, Dan covers the engines and AI answer platforms that English-language coverage tends to miss: Baidu and ERNIE, Yandex and Alice AI, Naver, Cốc Cốc, Shenma, Sogou, WeChat and Weibo search, plus DeepSeek and Alibaba’s Qwen. He also keeps dated records of documented changes, such as the Yandex, Baidu and Naver algorithm update histories and the DeepSeek, ERNIE and Qwen model update histories. His approach is to take learnings from global search engines and apply logic with a high evidence threshold. A claim needs a source, patterns seen in one market are treated as a hypothesis until they are checked in another, and where the evidence is thin he says so. For brands, that means advice built on what can be shown, with measurement that separates being cited from being chosen. Dan is credited with coining the term “edge SEO” and won the inaugural TechSEO Boost research competition in 2018 for his work on CDN and edge changes for SEO. In 2026 he was credited with coining “Infinite Tail” to describe how keyword research is changing with AI search. He is the author of AI Search Marketing For The Travel Sector, writes for Search Engine Journal, Search Engine Land and Travel Marketing Guy, and has advised technology, SaaS, travel and enterprise ecommerce brands, including Cloudflare, GitLab and Airbnb. He has given multiple talks and panels at the International Search Summit in Barcelona, and has also spoken at Optimization Moscow, brightonSEO, Google Search Central Live Deep Dive Asia in Bangkok, Athens SEO and the Asia SEO Virtual Summit 2026, where his talk looked at how Baidu, Naver, DeepSeek, Tencent, Cốc Cốc and Yandex built their own AI answers.
Founder & Editor