“Yandex” and the Lanit group decided to leave the joint venture and are looking for buyers for their shares. The server manufacturer OpenYard was established two years ago, now the situation on the market has changed, and Yandex wants to concentrate on its core business.
Yandex and Lanit decided to leave the joint venture (JV) for the production of OpenYard servers and are looking for buyers for their shares. This was reported by Forbes.
The reasons for the exit of the companies from the joint venture are the desire of “Yandex” to concentrate on its core business and changes in the market situation.
Companies look for buyers of shares among strategic investors, computer manufacturers and other market participants.
OpenYard was established in 2021 by Yandex, Lanit, VTB, and Taiwanese computer equipment manufacturer Gigabyte. In 2023, OpenYard completed the construction of a plant in Zelenograd.
Author:
Kirill Bilyk
Source: RB
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