Russia’s VK drops Sberbank venture as part of Yandex tech deal

Russia’s VK drops Sberbank venture as part of Yandex tech deal


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

About search

Check Also

Yandex NV Reports Strong Q1 Growth Amid Reorganization – TipRanks.com – TipRanks

Yandex NV Reports Strong Q1 Growth Amid Reorganization – TipRanks.com – TipRanks

[unable to retrieve full-text content]Yandex NV Reports Strong Q1 Growth Amid Reorganization – TipRanks.com  TipRanks Source …

Leave a Reply

Your email address will not be published. Required fields are marked *