Yandex, TCS Group: Merging Assets with Digital DNA
smartmoney.oneSpeculative positive implications for Yandex, TCS Group as well as Mail.Ru Group and Sistema. Somewhat negative for Sberbank Potential merger looks like a win-win situation for both Yandex and TCS Group shares, taking into account a chance to enforce Yandex’s ecosystem and expansion prospects for the bank.Even in case of deal’s financing with shares the potential dilution effect for Yandex is to be offset by the chances to build large-scale banking franchise.Although the news sounds somewhat negative for Sberbank, the long-term risks could also force Sberbank to intensify operational/investment cooperation with Mail.Ru Group.