Tech giant Yandex — dubbed “Russia’s Google” — has agreed to sell its Russian assets to a consortium of investors for $5.2 billion, the biggest corporate exit from the country since the Kremlin’s invasion of Ukraine in 2022. The company, which is registered in the Netherlands but conducts most of its business in Russia, said that the government-backed sale includes 95% of its assets, including the country’s most-popular search engine, a ride-sharing application, and an… Source link
Read More »Russia’s Yandex Sells Assets to State-Backed Firm as Kremlin Tightens Grip on Internet
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
Read More »Russia tightens media fist also sells Yandex homepage, news to compete with VK
Russia leading Internet company Yandex on On Tuesday, she said she agreed to sell it news The aggregator and the main page of yandex.ru for the VK . competition in a move Likely to limit the Russians access to independence media. all share deal, in Which will Yandex acquire 100% of Food delivery service delivery club, represents a big transformation in Internet scene in Russia, with Yandex pass control effectively over distribution of online content for a state-controlled company. VK… Source link
Read More »Russia tightens grip on media as Yandex sells homepage, news to rival VK – EURACTIV.com
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
Read More »Russia tightens grip on media as Yandex sells homepage, news to rival VK
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
Read More »Russia tightens grip on internet as Yandex sells assets to state-run VK
By Alexander Marrow MOSCOW (Reuters) – The Russian government tightened its grip on the internet on Tuesday, as a state-controlled company with close links to President Vladimir Putin agreed to buy the news feed and homepage of the country’s most popular website. Yandex, often referred to as Russia’s Google, said it was selling its news aggregator, content platform Zen and yandex.ru homepage to VK to focus on other business areas, such as food delivery and… Source link
Read More »Russia tightens grip on internet as Yandex sells assets to state-run VK
By Alexander Marrow MOSCOW (Reuters) – The Russian government tightened its grip on the internet on Tuesday, as a state-controlled company with close links to President Vladimir Putin agreed to buy the news feed and homepage of the country’s most popular website. Yandex, often referred to as Russia’s Google, said it was selling its news aggregator, content platform Zen and yandex.ru homepage to VK to focus on other business areas, such as food delivery and… Source link
Read More »Russia Tightens Grip on Media as Yandex Sells Homepage, News to Rival VK
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
Read More »Russia tightens grip on internet as Yandex sells assets to state-run VK
Russian tech giants Yandex, VK agree to swap some assets Yandex sells news feed, homepage to state-controlled VK Yandex gets food delivery service Delivery Club in return This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Aug 23 (Reuters) – The Russian government tightened its grip on the internet on Tuesday, as a state-controlled company with close links to President Vladimir Putin agreed to buy the news feed and homepage of… Source link
Read More »Engineers at Yandex, the ‘Google of Russia’, Flee As Putin Tightens His Grip
Engineers at Russia’s biggest tech firm, Yandex, are fleeing the country and seeking foreign tech jobs. Current and ex-engineers recounted leaving Russia at short notice, often leaving spouses behind. Some said they are struggling to access their Yandex salaries from abroad. Alexei* doesn’t know when he’ll see his wife again. “She’s still in Russia. We call every night.”… Source link
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