Russian search giant Yandex tells investors it’s looking for a media exit – TechCrunch

Russia’s internet giant Yandex has told investors it’s exploring “strategic options” for its media products — including a potential sale of its news aggregator, Yandex News, and a user-generated content recommendation and blogging “infotainment” platform, called Zen.

The disclosure confirms our reporting earlier this week — when sources told us Yandex is in discussions to sell Yandex News and Zen.

Our sources suggested the move is linked to the risks posed by tighter…


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[unable to retrieve full-text content]Insiders Sell, Yandex Plummets. Should You Worry?  AOL Source link

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