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Yandex signs deal with VK to sell its media products, News and Zen

Yandex signs deal with VK to sell its media products, News and Zen

2 years ago
Anonymous $xqL1ZTchGQ

https://techcrunch.com/2022/04/28/yandex-sells-news-zen-vk/

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 (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial terms.

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