EU Google probe encourages investors in Russia competitor Yandex

April 21, 2015 2:55 PM

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NEW YORK, April 21 (Reuters) - 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 $6.54 billion market capitalization, mainly by selling advertising against the web browser used on 64 percent of Russian desktop computers.

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