Media: VK, Sberbank may sell food delivery service to rival Yandex -The Bell

VK

05/07/2022 11:48

July 5 (Reuters) - 
    * Russian tech firm VK  VKCOq.L  and state-owned lender
Sberbank
 SBER.MM  are looking for a buyer for their food delivery
service Delivery Club, Russian business site The Bell reported,
citing five sources close to shareholders.
    * Russian internet giant Yandex  YNDX.O  may buy the service
as
part of a wider deal with VK, which runs Russia's largest social
network VKontakte, and Sberbank, four of the sources said. 
    * One option under consideration is an asset swap, one
source
said, where Yandex would receive Delivery Club in exchange for
its media businesses Yandex Zen and Yandex News, platforms it
said it was selling to VK in late April.  urn:newsml:reuters.com:*:nL5N2WQ5YE

    
-- Source link: https://bit.ly/3IjhH8r    
-- Note: Reuters has not verified this story and does not vouch
for its accuracy.

 (Reporting by Reuters, Editing by Louise Heavens)