REG-VK Company VK completes the acquisition of Zen and News

VKAnnouncement

12/09/2022 10:45

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   VK Company (VKCO)
   VK completes the acquisition of Zen and News

   12-Sep-2022 / 12:30 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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                  VK completes the acquisition of Zen and News

     

   September 12,  2022. VK  has completed  the acquisition  of Zen  and  News
   content platforms from Yandex. Simultaneously, the company sold to  Yandex
   100% stake in the food and  grocery delivery service Delivery Club,  which
   VK obtained from O2O Holding in September.

    

   The deals  were closed  after  getting the  necessary approvals  from  the
   regulatory authorities. Zen and News results will be consolidated into the
   VK accounts as part of the Q3 2022 financial reporting.

    

   VK has now  received the rights  to technologies and  identity of Zen  and
   News services  and  is registering  the  transfer  of rights  to  the  Zen
   trademark. The services will  retain the interface  familiar to users  and
   will be available on  the dzen.ru portal, which  will also feature  Yandex
   search bar and weather. Services will retain own teams and will be led  by
   their current management.  Zen will also  retain the current  monetization
   instruments for content creators and will be available on the web  version
   and mobile app.

    

   For further information please contact:

    

   Investors

   Tatiana Volochkovich
   Phone: +7 495 725 6357 extension: 3434
   E-mail:  1 t.volochkovich@vk.team

    

   Press

   Sergey Makarov
   Mobile: +7 926 818 9589
   E-mail:  2 se.makarov@vk.team 

   About VK

   VK is one  of the  largest technology  companies in  Russia, its  products
   helping millions of people with  their day-to-day needs online. More  than
   90% of the Russian internet audience use VK services, which enable  people
   to keep in touch,  play video games, master  new skills, listen to  music,
   watch and  create video  content, buy  and offer  goods and  services  and
   fulfill wide  range of  other  needs. The  company  provides a  number  of
   solutions for  digitizing business  processes, from  online promotion  and
   predictive analytics  to corporate  social  networks, cloud  services  and
   enterprise automation.

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   ISIN:          US5603172082
   Category Code: ACQ
   TIDM:          VKCO
   LEI Code:      2138009IXUP41SPL5B50
   Sequence No.:  187434
   EQS News ID:   1440177


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:t.volochkovich@vk.team
   2. mailto:se.makarov@vk.team


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