Yandex Reaches ‘Binding’ Deal to Divest News Service, Homepage to VK

INSUBCONTINENT EXCLUSIVE:
network of digital services, including a search engine, e-commerce platform, food delivery service, ride-hailing app, Yandex Music and
more.VK said it had exited its O2O Holding joint venture with Sberbank and planned to transfer its full stake in the Delivery Club food
delivery service to Yandex in exchange for the news and blogging platforms.Yandex.news has faced criticism over its news aggregation tool
leaning heavily on pro-Kremlin sources, particularly since Moscow sent troops into Ukraine on Feb
24
Its sale to VK has sparked fears that Russian users could further lose access to the few remaining independent media that have not been
Kremlin