Yandex is planning to buy 100 % of tinkoff bank’s( TCS:LI) Stock

companies came to an agreement on the transaction, which will

be paid in cash and shares for a total amount of $ 5.48 billion, or $ 27.64 per share ”Tinkoff”

Filippova Mariam
3733802/02601
https://thetradable.com/stocks/100-of-tinkoff-banks-tcsli-stock-will-be-bought-by-yandex-yndx-an-insider-says
https://ria.ru/20200922/yandeks-1577624318.html

OWNERS OF THESE TWO COMPANIES HAVE BEEN DISCUSSING MERGER OF

YANDEX AND TINKOFF SINCE 2019. THE MAIN REASON OF THIS DECISION IS THAT YANDEX NEED TO HAVE FINANCIAL ASSET TO BUILD AN ECOSYSTEM THAT WILL BE ABLE TO COMPETE WITH OTHER BANKS, INCLUDING ONE OF THE LARGEST BANKS ”SBERBANK’’.
THE MERGER OF COMPANIES COULD HELP THE BUSINESS OF BOTH COMPANIES. INTERNET HOLDING ’’YANDEX’’ WILL INTEGRATE CREDIT AND FINANCIAL SERVICES FOR USERS INTO ITS VAST DIGITAL ECOSYSTEM , WHILE ’’TINKOFF’’ WILL ACQUIRE ADDITIONAL CLIENTS.

into one.
SHARE – one of the equal parts into which

a company’s capital is divided, entitling the holder to a proportion of the profits.
STOCK– the capital raised by a company or corporation through the issue and subscription of shares.