/// Yandex Co-founder Ilya Segalovich Passes Away
Johannes Simon, Getty Images News Yandex co-founder and Chief Technology Officer Ilya Segalovich died yesterday at the age of 48. He had been responding well to treatment for cancer when he collapsed into a coma on Wednesday with no sign of brain activity. Yandex had initially reported Segalovich had passed away , but corrected the statement later in the day. He was removed from life support yesterday when doctors detected blood changes that were incompatible with life. Segalovich co-founded Yandex with CEO Arkady Volozh in 1997, and the search engine became the so-called Google of Russia. It raised $1.3 billion in an IPO on the Nasdaq Stock Market in May 2011, and currently has a $10 billion dollar valuation and a 62 percent market share in Russia. Segalovich will be buried in Moscow this week.
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Yandex Co-founder Ilya Segalovich Passes Away