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 Holding joint venture with… Source link
Read More »Yandex’s sale of media assets to VK includes yandex.ru homepage – TechCrunch
Russian search giant Yandex has finalized the sale of its two flagship media properties to local rival VK, owner of the eponymous social network. The deal to sell the products, Yandex’s algorithmically sorted news aggregator (News) and blogging recommender platform (Zen), was inked back in April. But today’s binding agreement goes further than that — also including the sale of the main page, Yandex.ru, which integrates content from News and Zen into the search page, turning it… Source link
Read More »Yandex reaches "binding" deal to divest news service, homepage to VK – East-West Digital News
Russian tech giant Yandex said Tuesday it has reached a “binding” deal to sell its news platform and homepage to rival VK as war-related sanctions fuel uncertainty over the Russian tech industry’s future. VK said it exited its joint venture with top lender Sberbank to pave the way for the deal with Yandex, once considered the jewel of Russia’s rising IT scene. Yandex said it is pursuing a “strategic exit from its media businesses” with the sale of Yandex.News, Yandex.ru and… Source link
Read More »Russia Tightens Grip on Media as Yandex Sells Homepage, News to Rival VK
MOSCOW — Russia’s leading internet firm Yandex on Tuesday said it had agreed to sell its news aggregator and yandex.ru homepage to rival VK in a move likely to further limit Russians’ access to independent media. The all-share deal, in which Yandex will acquire 100% of food delivery service Delivery Club, marks a significant shift in Russia’s internet landscape, with Yandex effectively passing control over distribution of online content to a state-controlled firm. VK already runs… Source link
Read More »Yandex’s sale of media assets to VK includes yandex.ru site
Russian search giant Yandex has finalized the sale of its two flagship media properties to local rival VK, owner of the eponymous social network. The deal to sell the products, Yandex’s algorithmically sorted news aggregator (News) and blogging recommender platform (Zen), was inked back in April. But today’s binding agreement goes further than that — also including the sale of the main page, Yandex.ru, which integrates content from News and Zen into the search page, turning it… 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’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’s sale of media assets to VK includes yandex.ru site
Russian search giant Yandex has finalized the sale of its two flagship media properties to local rival VK, owner of the eponymous social network. The deal to sell the products, Yandex’s algorithmically sorted news aggregator (News) and blogging recommender platform (Zen), was inked back in April. But today’s binding agreement goes further than that — also including the sale of the main page, Yandex.ru, which integrates content from News and Zen into the search page, turning it… Source link
Read More »Russia tightens grip on internet as Yandex sells assets to state-run VK
Russian tech giants Yandex, VK agree to swap some assets Yandex sells news feed, homepage to state-controlled VK Yandex gets food delivery service Delivery Club in return This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 23 (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… 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
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