Russia’s Yandex has agreed to sell its news aggregation platform and Zen infotainment service, as well as the main page where both services have been located, to VK.
In return, it will acquire 100% of the food delivery service Delivery Club.
VK is one of Russia’s largest social media businesses and has until now been one of Yandex’s strongest competitors. It is majority owned by Sogaz, whose main shareholder is Yury Kovalchuk.
Meanwhile, Yandex has until now been referred to as…
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