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Google probe in EU props up stocks of Russian competitor

Thursday, April 23, 2015 - 05:50

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Yandex says its Russian search market share, including mobile, was 59.7 per cent in the fourth quarter.

New York

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 US$6.54 billion market capitalisation,

sentifi.com

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