Tag Archives: Russias

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov Register now for FREE unlimited access to Reuters.com Register MOSCOW, Aug 30 (Reuters) – Russia’s federal anti-monopoly service (FAS) on Tuesday granted approval to technology companies Yandex (YNDX.O) and VK (VKCOq.L) to proceed with an asset-swap deal but with some unspecified terms aimed at preserving competition. Yandex last week agreed to sell its… Source link

MOSCOW, Aug 30 (Reuters) – Russia’s federal anti-monopoly service (FAS) on Tuesday granted approval to technology companies Yandex and VK to proceed with an asset-swap deal but with some unspecified terms aimed at preserving competition. Yandex last week agreed to sell its news aggregator, content platform and homepage to state-controlled VK in a move that is expected to tighten the government’s grip on the internet. (Reporting by Reuters Editing by David Goodman ) Source link

Yandex NV, which runs Russia’s largest search engine and ride-hailing service, sold its media interests to a state-backed company, deepening the Kremlin’s control over the Russian internet. Often referred to as “Russia’s Google,” Yandex said it was selling its news aggregator, its Zen social-media platform and its homepage to VK, Russia’s largest social-media company, in exchange for VK’s food delivery app Delivery Club. Source link

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

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… Source link

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… Source link

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… Source link

Aug. 12, 2022, 10:03 AM Kiriyenko leading talks on Yandex’s fate as founder sanctioned Top search engine under pressure since Putin invaded Ukraine One of President Vladimir Putin’s top Kremlin aides is leading negotiations to decide the fate of Russia’s most popular search engine, whose founder was sanctioned over Yandex NV’s portrayal of the war in Ukraine, according to three people familiar with the talks. Sergei Kiriyenko, the first deputy head of Putin’s administration, is heading… Source link

LONDON – VK, owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit. The VKontakte network, often compared to Facebook, has emerged as a key player in the race to replace Western services in the wake of Russia’s invasion of Ukraine and blocks imposed by Moscow since then on Western social media platforms. VK’s second quarter result was… Source link

LONDON (Reuters) – VK, owner of Russian social network VKontakte, reported a second-quarter net loss of 3.4 billion roubles ($56 million) on Thursday, partly due to a 14 billion rouble ($231 million) foreign exchange hit. The VKontakte network, often compared to Facebook, has emerged as a key player in the race to replace Western services in the wake of Russia’s invasion of Ukraine and blocks imposed by Moscow since then on Western social media platforms. VK’s second quarter result was… Source link