REG-VK Company VK has reached an agreement in principle to acquire Yandex News and Yandex Zen

VKAnnouncement

28/04/2022 12:15

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   VK Company (VKCO)
   VK has reached an agreement in principle to acquire Yandex News and Yandex
   Zen

   28-Apr-2022 / 14:00 MSK
   Dissemination of a Regulatory Announcement that contains inside
   information according to REGULATION (EU) No 596/2014 (MAR), transmitted by
   EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   28 April, 2022         

                                        

                                        

   VK has reached an agreement in principle to acquire Yandex News and Yandex
                                      Zen

    

   VK Company Limited (LSE, MOEX: VKCO, hereinafter referred as "VK" or  "the
   Company") announces that it  has reached  an agreement  in principle  with
   Yandex around  the  main  terms  of the  deal  to  acquire  Yandex's  news
   aggregation platform and infotainment service Zen.

    

   While the parties have come to an agreement in principle on a transaction,
   they are continuing to  discuss certain technical  details, which will  be
   announced in  due course.  To close  the  deal the  parties will  also  be
   required to obtain all the  necessary corporate governance and  regulatory
   approvals, including the approval from Federal Antimonopoly Service (FAS).

    

   For further information please contact:

    

   Investors

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

    

   Press

   Alina Fedorova
   Mobile: +7 916 238 1297
   E-mail:  2 alina.fedorova@vk.team 

    

    

   About VK

    

   VK develops the ecosystem helping millions of people with their day-to-day
   needs online.  More than  90% of  the Russian  internet audience  use  the
   ecosystem services.

    

   The ecosystem enables people  to keep in touch  (using social networks  OK
   and VKontakte, messaging apps  and email service),  play video games  (via
   MY.GAMES), get and offer  items and services (via  Youla), order food  and
   grocery delivery (via  Delivery Club, Samokat  and Local Kitchen),  master
   new skills (at GeekBrains, Skillbox  and other educational services),  buy
   and sell at AliExpress Russia and fulfill other needs.

    

   The VK  ecosystem  features  a  number of  shared  elements  bringing  the
   services together. Users can sign in  to different services with a  single
   VK ID  account, pay  and earn  cash back  with the  VK Pay  platform,  get
   discounts and deals with VK Combo, access their favorite services via  the
   VK Mini Apps platform - and the Marusya voice assistant can help with  any
   task.

    

   The сompany offers enterprises to employ its dynamic ecosystem to digitize
   their business  processes,  providing a  range  of solutions  from  online
   promotion and  predictive analytics  to corporate  social networks,  cloud
   services and enterprise automation.

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   ISIN:          US5603172082
   Category Code: MSCH
   TIDM:          VKCO
   LEI Code:      2138009IXUP41SPL5B50
   Sequence No.:  158369
   EQS News ID:   1338519


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:t.volochkovich@vk.team
   2. mailto:alina.fedorova@vk.team


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