TechCrunch: Yandex signs deal with VK to sell its media products, News and Zen

TechCrunch: Yandex signs deal with VK to sell its media products, News and Zen. “In further fallout from Russia’s invasion of Ukraine, Yandex, the company that’s sometimes referred to as the ‘Google of Russia’, has signed a term sheet to sell its media division to VKontakte (VK), aka the local Facebook equivalent. Yandex confirmed it has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK today. But it declined to provide further detail on the transaction that’s been agreed with VK, including financial terms.”

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