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Yandex to sell its media division to VKontakte

Yandex to sell its media division to VKontakte
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Yandex signs deal with VK to sell its media products, News and Zen – TechCrunch

In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia’, has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform […]

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Yandex sells news, content recommendation services to Russia s VK

Yandex sells news, content recommendation services to Russia s VK
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Detailed conditions will be disclosed later : VK agreed with Yandex to purchase Novosti and Zen

VK announced the signing of an agreement on the main terms of the transaction for the purchase of the Yandex.News news aggregator and the Yandex.Zen recommendation platform. As follows from the official message of VK, before the completion of the transaction, the parties will have to obtain all necessary approvals from corporate and regulatory authorities. Experts are of the opinion that the deal between Yandex and VK is unlikely to have a noticeable effect on users of both services.

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Investegate |VK Company Announcements | VK Company: VK has reached an agreement in principle to acquire Yandex News and Yandex Zen

Investegate announcements from VK Company, VK has reached an agreement in principle to acquire Yandex News and Yandex Zen

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