Yandex NV - Ordinary Shares - Class A

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Products, Mergers / Acquisitions

VK Signs Binding Agreement With Yandex To Acquire Zen And News Services In Exchange To Delivery Club

Published: 08/23/2022 07:37 GMT
(YNDX) - It Signed Binding Agreement With Yandex to Acquire Zen and News Content Platforms in Exchange for Food and Grocery Delivery Service Delivery Club.
Deal is Expected to Close by End of 2022, Pending a Set of Regulatory Approvals.
It Will Receive Rights to Technologies and Trademarks of Zen and News Services Following Completion.
Following Deal Closure Zen and News Services Will Be Available on Dzen.
Ru Portal, Which Will Also Feature Yandex Search Bar and Other Services.
Vk's CEO Kirienko Says We Consider It Right to Give Zen Team Opportunity to Continue to Develop Independently, Enabling Service to Bring New Content and Evolve Existing Products Faster and More Efficiently.
Further Company Coverage: [vkcoq.
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