The next focusIR Investor Webinar takes place tomorrow with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Russia's anti-monopoly service approves Yandex-VK internet deal

Tue, 30th Aug 2022 16:03

MOSCOW, Aug 30 (Reuters) - Russia's federal anti-monopoly service (FAS) on Tuesday granted approval to technology companies Yandex and VK to proceed with an asset-swap deal but with some unspecified terms aimed at preserving competition.

Yandex last week agreed to sell its news aggregator, content platform and homepage to state-controlled VK in a move that is expected to tighten the government's grip on the internet.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.