Russia's Yandex pulls out of deal to buy online fashion retailer KupiVIP

Reuters

Fri, Jul 9, 2021, 12:33 PM

In this article:

MOSCOW (Reuters) - Russian tech giant Yandex said on Friday it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector.

Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering.

"Yandex.Market will not exercise its option to buy the KupiVIP group," Yandex said in a statement.

(Reporting by Gleb Stolyarov; Writing by Alexander Marrow; editing by David Evans)

Why Nvidia Stock Plunged 10% Today
Super Micro Computer's lack of a preliminary earnings report led to a bloodbath in the sector.
Motley Fool•12h ago
The Headache at the End of the Costco Gold Rush
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
The Wall Street Journal•21h ago
Forget Nvidia and Intel: This Stock Could Be the Biggest Winner of Their New Chip Launches
This company has been around for decades, but the recent AI boom has supercharged growth.
Motley Fool•2h ago
Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It's A Big Sell Signal.
Super Micro stock fell hard after the data-center computer specialist didn't announce preliminary results for its fiscal Q3.
Investor's Business Daily•13h ago
Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Business Insider•1d ago
California loses 2 more property insurers in growing crisis
Two more property insurance companies are pulling out of California, leaving more homeowners in the state facing loss of coverage and surging premiums as insurers flee.
Fox Business•16h ago
Why Semiconductor Stocks Were Smacked Down Today
The high-flying sector caught a bit of gloom at the end of the week due to several discouraging developments.
Motley Fool•10h ago
Prepare for bitcoin to fall after the long-awaited halving, JPMorgan says
"We do not expect bitcoin price increases post halving as it has been already priced in," JPMorgan says, adding that they see a downturn ahead.
Business Insider•7h ago
Time to Pounce: 2 Superb Utility Stocks That Haven't Been This Cheap in at Least 10 Years
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
Motley Fool•1d ago
Stock market today: S&P 500 falls for 6th day in a row amid weakness in mega-cap tech
The losses in the stock market accelerated after Super Micro Computer announced earnings without preannouncing results.
Business Insider•5h ago

News

Life

Entertainment

Finance

Sports

New on Yahoo

Yahoo Finance

Russia's Yandex pulls out of deal to buy online fashion retailer KupiVIP

Recommended Stories

Why Nvidia Stock Plunged 10% Today

The Headache at the End of the Costco Gold Rush

Forget Nvidia and Intel: This Stock Could Be the Biggest Winner of Their New Chip Launches

Super Micro Stock Plunges 23% On Lack Of Preliminary Results. It's A Big Sell Signal.

Don't buy the dip in stocks just yet as a wave of selling is about to bring the market to a bottom, according to one of the biggest bulls on Wall Street

California loses 2 more property insurers in growing crisis

Why Semiconductor Stocks Were Smacked Down Today

Prepare for bitcoin to fall after the long-awaited halving, JPMorgan says

Time to Pounce: 2 Superb Utility Stocks That Haven't Been This Cheap in at Least 10 Years

Stock market today: S&P 500 falls for 6th day in a row amid weakness in mega-cap tech