Yandex Company announced in March, 2013 change of the contract with one of founders of the producer of mobile applications SPB Software purchased by Internet giant in 2011 "Yandex" paid $28.1 million for 100% of stocks of this company and also promised to pay within two years to founders of SPB Software $14 million more on condition of continuation of their work in the company.[1]
The above-mentioned amount had to be paid equal by installments within two years. The first payment was made according to the agreement. However in February, 2013 "Yandex" changed terms of the contract with the main seller of the stocks SPB Software. He ahead of schedule left the post in this connection "Yandex" will pay it only 60% of the amount of the second payment. At the same time the payment was registered at once, but not upon termination of two-year term after transaction.
The press service of "Yandex" specified that it is about the former CEO of SPB Software Sebastian-Justus Schmidt. Respectively, he will receive less the amount at the rate to $2.8 million. In "Yandex" specified that SPB Software developers remained in "Yandex". In particular, two other founders of the company – Yaroslav Goncharov and Vasily Filippov – direct now in "Yandex" departments, respectively, mobile development and mobile distribution.
Schmidt is the chairman of the board of directors of the application developer now for viewing mobile television of SPB TV which was selected from the structure of SPB Software before the transaction with "Yandex". Schmidt lives in Thailand where both SPB TV, and at SPB Software has development centers.
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