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

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 Holding joint venture with…


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