Brief: Russia's VK Reaches Deal In Principle With Yandex To Acquire Its News And Zen Services

VK

28/04/2022 12:07

April 28 (Reuters) - VK Company  VKCOq.L  says:
    * SAYS HAS REACHED AN AGREEMENT IN PRINCIPLE WITH YANDEX
AROUND
MAIN TERMS OF DEAL TO ACQUIRE YANDEX'S NEWS AGGREGATION PLATFORM
AND INFOTAINMENT SERVICE ZEN
    * PARTIES ARE CONTINUING TO DISCUSS CERTAIN TECHNICAL
DETAILS,
WHICH WILL BE ANNOUNCED IN DUE COURSE
    * TO CLOSE DEAL PARTIES WILL ALSO BE REQUIRED TO OBTAIN ALL
NECESSARY CORPORATE GOVERNANCE AND REGULATORY APPROVALS,
INCLUDING APPROVAL FROM FEDERAL ANTIMONOPOLY SERVICE (FAS)

Source text for Eikon:  ID:nEQbm8XS8a 
Further company coverage:  VKCOq.L 

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