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


FILE PHOTO: The logo of Russian internet group Yandex is pictured at the company's headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov

MOSCOW (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 terms aimed at preserving competition.

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

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Apple, Google and others tell some foreign employees to avoid traveling out of the country
Opinion: Apple’s leadership exodus isn’t a crisis. It’s just smart transition planning
Opinion: AI is getting dangerously good at political persuasion
Cybersecurity experts warn that this browser extension is selling your chats with ChatGPT
New York to require social media platforms to display mental health warnings
Atos to sell Latin American businesses to Brazil's Semantix
Toys are talking back thanks to AI, but are they safe around kids?
Tesla faces NHTSA probe over Model 3 emergency door handles
Ghana arrests dozens of Nigerians over online fraud ring
German politician urges more face-to-face interaction in digital age

Others Also Read