Russia's Yandex Sells News and Blogging Products to VK

INSUBCONTINENT EXCLUSIVE:
Russian tech giant Yandex will sell its digital news and blogging products to fellow internet conglomerate VK, the companies announced
were not publicly disclosed, have been settled and the sale agreement must now obtain approval from corporate and regulatory authorities,
the companies said in a statement.Discussions for the VK-Yandex deal have been ongoing since at least March, the RBC news website
reported on April 19.According to RBC, Yandex plans to invest more in city logistics and its search engine following the sale of
Yandex.News, its news aggregation platform, and Yandex.Zen, a publishing platform used by Russian bloggers and digital media outlets.VK
already controls the Mail.ru email and news services, the VKontakte and Odnoklassniki social networks, the Delivery Club food delivery
ride-hailing app, Yandex Music and more.VK said it saw a record-breaking first quarter this year with 100.4 million users in March alone,
administration.