![]() ![]() That deal, which will also give VK's new portal the use of Yandex's search bar and other services, is expected to be closed by the end of 2022, pending regulatory approvals. VK, which runs Russia's largest social network VKontakte, said it planned to transfer its entire stake in Delivery Club to Yandex as part of a separate deal to acquire Yandex's Zen and News content platforms. "Following deal closure, VK and Sber are to remain strategic partners and will continue to cooperate in various areas."Ī Sberbank spokesperson confirmed that the lender was considering various options for further development of joint projects. "The deal is expected to close before the end of 2022, pending the receipt of a number of regulatory approvals," VK said in a statement. VK (VKCOq.L) said it had exited its O2O Holding joint venture with Sberbank (SBER.MM), taking full control of food delivery service Delivery Club in the process. Leading internet firm Yandex (YNDX.O) said it had agreed to sell its news aggregator and homepage to state-controlled rival VK, a move that will likely further limit Russians' access to independent media. MOSCOW, Aug 23 (Reuters) - Russian tech firm VK on Tuesday said it had exited its joint venture with top lender Sberbank, paving the way for a deal with competitor Yandex that may have significant ramifications on Russia's internet industry. ![]()
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