Russia tightens grip on media as Yandex sells homepage, news to rival VK

Russia tightens grip on media as Yandex sells homepage, news to rival VK

  • 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…


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