Boston, MA 03/26/2014 (wallstreetpr) – The Russian Internet Tycoon Yandex NV (NYSE:YNDX) is emerging strong by swiftly wrapping up great partnership deals and ventures that seem to be just perfect for the business expansion. The multi facet deals are the entry-ticket to multiply the gold coins and green notes in the company’s reserve. (Feeling tempted? Start trading and we’ll write the same for you someday *smirking*). Here’s a highlight of the latest on board of the company:
Yandex swelled up its kitty: Acquisition of Kitlocate
Yandex NV (NYSE:YNDX) has added another feather to its cap by acquisition of Kitlocate- A start-up in Israeli popularly known for its geo-location technology that is both cost efficient and energy efficient. It’s used in mobile services and Yandex has confirmed the accommodation of Kitlocate employees as well. (It must have been a big day for Yandex!) The cutting technology deployed by Kitlocate proves to be useful for mobile applications which pays reliance to statistical analysis and thereby improves battery usage. It does so by minimizing the mobile’s dependency on Power-consuming GPS or GLONASS receivers. Yandex NV (NYSE:YNDX) is all set to reveal it to the international market and further planning to integrate its services with its own applications and services.
Google Partnership
Yandex NV (NYSE:YNDX) and Google Inc (NASDAQ:GOOG) entered into a partnership deal with an aim to provide access to each other’s advertisement inventory. This will in turn help in amassing the revenues by boosting the bidders.
Crimean Crisis – Give halt to you Speculation
There has been a lot of buzz and speculation regarding the Crimean Crisis pushing Yandex to be entangled in the political tangled aspirations. It also led to a great stir among the investors leaving them worried about the negative effect of various sanctions imposed by European Union and the United States on Russia’s economy. Speculations are regarding more sanctions yet to be imposed in other sectors including the oil and gas trade. However, experts have clarified that Yandex NV (NYSE:YNDX) will head strong and probabilities to suffer due to the same are very limited.
