Yandex Sells 75% Of Yandex.Money To Sberbank For $60M — Two months after starting looking for a "strategic buyer" for its online payment system, Yandex officially announced that it will form a joint venture on the Yandex.Money platform with the largest Russian bank Sberbank, which has acquired 75% of the service for $60 million.
Yandex sells 75% of its electronic payment service to Russia's largest bank Sberbank for $60 million