Bloomberg News

Yandex Jumps Most in a Week as Telegraph Reports Facebook Deal

December 07, 2011

Dec. 7 (Bloomberg) -- Yandex NV, operator of Russia’s most popular Internet search engine, climbed the most in more than a week in New York after a British newspaper reported the company will team up with Facebook Inc.

Yandex gained 5 percent to $21.92 by 12:07 p.m. in New York, after earlier jumping as much as 6.6 percent to $22.26, the largest intraday advance since Nov. 28.

The Telegraph newspaper said today that Yandex’s music service would be integrated with Facebook, citing a Moscow News report. Yandex, based in The Hague, Netherlands, said its Yandex.Music app would be available on the Facebook site in a Nov. 17 statement on its website.

To contact the reporter on this story: Halia Pavliva in New York at hpavliva@bloomberg.net

To contact the editor responsible for this story: Emma O’Brien at eobrien6@bloomberg.net


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