Tag Archives: News

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

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

MOSCOW, RUSSIA and AMSTERDAM, THE NETHERLANDS / ACCESSWIRE / August 23, 2022 / Yandex N.V., a Dutch public limited company, today announced that its Russian operating subsidiary has entered into a binding agreement with VK, one of Russia’s largest social media businesses, to sell Yandex’s news aggregation platform and Zen infotainment service as well as the main page, where both services have been located. As sole consideration for these assets, Yandex will acquire 100% of the food delivery… Source link

Tech major Yandex has closed a deal to sell its Russian media platforms Yandex.news and Yandex.zen to internet company VK. The deal will allow Yandex to exit the Russian news aggregation sector, which was presenting the company with problems at home and abroad. According to a press release on… Source link

Tech major Yandex has closed a deal to sell its Russian media platforms Yandex.news and Yandex.zen to internet company VK. The deal will allow Yandex to exit the Russian news aggregation sector, which was presenting the company with problems at home and abroad. According to a press release on… Source link

MOSCOW —  Russia’s leading internet firm Yandex on Tuesday 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 firm. VK already runs… Source link

Tech major Yandex has closed a deal to sell its Russian media platforms Yandex.news and Yandex.zen to internet company VK. The deal will allow Yandex to exit the Russian news aggregation sector, which was presenting the company with problems at home and abroad. According to a press release on… 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 Yandex.News, Yandex.ru and… Source link