Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Alphabet Inc. is an American multinational technology conglomerate holding company headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit CompletedBankruptcy of Google LLC was started on 28/09/2022. In April of this year, the Federal Service of Bailiffs of the Russian Federation withdrew all funds from the accounts of the Russian legal entity Google, they were transferred to the deposit account of the service as a security measure for legal proceedings, according to the report of Google LLC for 2022.
Withdraw all operations in Moscow; stop taking new customers; stop ads; а Moscow court accepted a bankruptcy application by Google's Russian subsidiary. The "Ъ" source in the Russian electronics market said that Google is increasingly refusing GMS (Google Mobile Services, which includes YouTube, Google Play, cards, etc.) licenses to domestic manufacturers of smartphones and tablets. According to him, as a result, vendors receive a Google license with the help of production sites that position "Russian" devices as international. The Arbitration Court of Moscow has declared the Russian subsidiary of Google, LLC "Google," bankrupt, with debts totaling 53.6 billion Russian rubles. Google, Meta, Tiktok's debts removed from Russian state bailiffs' database. A South African court has ordered the seizure of assets belonging to the American company Google International LLC within its jurisdiction. The decision was made to enforce the ruling of the Moscow Arbitration Court, which ordered the return of significant funds to the bankruptcy estate of Google's Russian subsidiary. The dispute arose during the liquidation of Google LLC, which was officially declared insolvent in Russia.