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(Bloomberg) — Alphabet Inc.’s Google completed its third data center in Singapore, bringing its investment in such facilities in the city-state to $850 million as it vies with tech giants from Amazon.com Inc. to Meta Platforms Inc. for bigger clout in Asia. Since opening its first Singapore office in 2007 with 24 people, Google has grown its local staff to 3,000 and built infrastructure including subsea cables connecting the finance hub to the… Source link

Yandex N.V., Russia’s leading technology company, on Tuesday said that its Russian operating subsidiary agreed to sell its news aggregator, Zen infotainment service, and homepage to rival Vkontakte (VK), a large Russian social media business. The move will further limit access to independent media. In exchange, Yandex will acquire 100% … Source link

Russia’s leading internet firm Yandex on Tuesday (23 August) 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… Source link

Hundreds of mourners gathered Tuesday for the Moscow funeral of Daria Dugina, the adult daughter of a prominent nationalist philosopher, after she was killed in a car bombing that Moscow blames on Kyiv. Her father Alexander Dugin — a vocal supporter of the Kremlin’s military campaign in Ukraine — is thought to have been the likely target of the Saturday attack that killed his 29-year-old daughter. Speakers at Dugina’s funeral painted her as a martyr who had died for her country… Source link

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… Source link

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 23 (Reuters) – Russia’s leading internet firm Yandex (YNDX.O) on Tuesday said it had agreed to sell its news aggregator and yandex.ru homepage to rival VK (VKCOq.L)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… Source link

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

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

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

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