EU Google probe encourages investors in Russia competitor Yandex

April 21, 2015 publisher antitrust-probe, employee-works, european-union, johnson, photo-during, relationships, russian-google, san, secretary, speaks-during, works-at-yandex

By Ryan Vlastelica NEW YORK (Reuters) – The European Union's antitrust probe into Google sparked a big rally in Russian search engine Yandex NV last week, even though the “Russian Google” still faces significant challenges, competitive and otherwise. Yandex has amassed a $6.54 billion market capitalization, mainly by selling advertising against the web browser used on 64 percent of Russian desktop computers. With Russian stocks recovering and the EU looking into whether Google has an unfair competitive advantage, some investors hope Yandex can win more screen space and advertising revenue

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EU Google probe encourages investors in Russia competitor Yandex