American technology firm Verizon Media, which owns Yahoo, plans to shut down its news websites in India due the new foreign direct investment (FDI) regulations that prohibit foreign funding of more than 26% in digital news media outlets.
The company will shut down its news sites including Yahoo Cricket, Yahoo Finance, News, Entertainment and others in the next few days.
“There have been changes in the rules limiting foreign ownership of media companies that operate in the news and current…
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