Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here. MOSCOW (Reuters) -Russian tech firm VK on Tuesday said it had exited its joint venture with top lender Sberbank, paving the way for a deal with competitor Yandex that may have significant ramifications on Russia’s internet industry. Leading internet firm Yandex said it had agreed to sell its news aggregator and yandex.ru homepage to state-controlled rival VK, a move that will likely further limit… Source link
Read More »New York State Common Retirement Fund Reduces Position in Yandex (NASDAQ:YNDX)
New York State Common Retirement Fund trimmed its holdings in Yandex (NASDAQ:YNDX – Get Rating) by 82.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,076 shares of the information services provider’s stock after selling 9,944 shares during the quarter. New York State Common Retirement Fund’s holdings in Yandex were worth $39,000 at the end of the most recent reporting period. Several other… Source link
Read More »Rouble steadies near 60 vs dollar, Yandex shares outperform market
Deputy Governor of the Bank of Russia Sergey Belov holds the newly designed Russian 100-rouble banknote during a presentation in Moscow, Russia June 30, 2022. REUTERS/Evgenia Novozhenina Register now for FREE unlimited access to Reuters.com Register This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 23 (Reuters) – The Russian rouble firmed slightly on Tuesday after initially easing beyond 60 against the dollar, while shares… Source link
Read More »Russia’s VK drops Sberbank venture as part of Yandex tech deal
MOSCOW (Reuters) -Russian tech firm VK on Tuesday said it had exited its joint venture with top lender Sberbank, paving the way for a deal with competitor Yandex that may have significant ramifications on Russia’s internet industry. Leading internet firm Yandex said it had agreed to sell its news aggregator and yandex.ru homepage to state-controlled rival VK, a move that will likely further limit Russians’ access to independent media. VK said it had exited its O2O… Source link
Read More »Yandex Announces a Binding Agreement to Divest News and Zen Services
MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / August 23, 2022 / Yandex N.V., a Dutch public limited company, today announced that its Russian operating subsidiary has entered into a binding agreement with VK, one of Russia’s largest social media businesses, to sell Yandex’s news aggregation platform and Zen infotainment service as well as the main page, where both services have been located. As sole consideration for these assets, Yandex will acquire 100% of the food delivery… Source link
Read More »bne IntelliNews – Yandex exits the news aggregating business in Russia
Tech major Yandex has closed a deal to sell its Russian media platforms Yandex.news and Yandex.zen to internet company VK. The deal will allow Yandex to exit the Russian news aggregation sector, which was presenting the company with problems at home and abroad. According to a press release on… Source link
Read More »Russia tightens grip on internet as Yandex sells assets to state-run VK
By Alexander Marrow MOSCOW (Reuters) – The Russian government tightened its grip on the internet on Tuesday, as a state-controlled company with close links to President Vladimir Putin agreed to buy the news feed and homepage of the country’s most popular website. Yandex, often referred to as Russia’s Google, said it was selling its news aggregator, content platform Zen and yandex.ru homepage to VK to focus on other business areas, such as food delivery and… Source link
Read More »Russia tightens grip on internet as Yandex sells assets to state-run VK
By Alexander Marrow MOSCOW (Reuters) – The Russian government tightened its grip on the internet on Tuesday, as a state-controlled company with close links to President Vladimir Putin agreed to buy the news feed and homepage of the country’s most popular website. Yandex, often referred to as Russia’s Google, said it was selling its news aggregator, content platform Zen and yandex.ru homepage to VK to focus on other business areas, such as food delivery and… Source link
Read More »bne IntelliNews – Yandex exits the news aggregating business in Russia
Tech major Yandex has closed a deal to sell its Russian media platforms Yandex.news and Yandex.zen to internet company VK. The deal will allow Yandex to exit the Russian news aggregation sector, which was presenting the company with problems at home and abroad. According to a press release on… Source link
Read More »Yandex’s Sale of Media Assets to VK Includes – Latest Tweet by TechCrunch
Yandex’s sale of media assets to VK includes https://t.co/1auw6Cseve homepage https://t.co/ID9AOQ4jcA by @riptari— TechCrunch (@TechCrunch) August 23, 2022 (SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user’s social media account and LatestLY Staff may not have modified or edited the content body. The views and facts… Source link
Read More »