- Apr 5, 2014
- 6,008
Yandex says it is benefiting from Google’s loosening grip on Android.
When Russia’s competition authorities ruled against Google in a major antitrust case last September, they paved the way for a key local competitor to gain ground.
Yandex YNDX -3.05% , in many ways the Russian Google GOOG 3.07% , said in its latest quarterly results Thursday that it was starting to see the benefits from the ruling. The case had very strong parallels with the EU’s current Android antitrust charges against Google.
“Yandex share on Android devices started to grow again in late June as a result of new distribution deals following the favorable…ruling in our case against Google,” said the company’s COO, Alexander Shulgin, as he hailed “significant improvements in mobile monetization.”
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When Russia’s competition authorities ruled against Google in a major antitrust case last September, they paved the way for a key local competitor to gain ground.
Yandex YNDX -3.05% , in many ways the Russian Google GOOG 3.07% , said in its latest quarterly results Thursday that it was starting to see the benefits from the ruling. The case had very strong parallels with the EU’s current Android antitrust charges against Google.
“Yandex share on Android devices started to grow again in late June as a result of new distribution deals following the favorable…ruling in our case against Google,” said the company’s COO, Alexander Shulgin, as he hailed “significant improvements in mobile monetization.”
Continue Reading
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