Russia's anti-monopoly service approves Yandex-VK internet deal

VK

30/08/2022 16:03

MOSCOW, Aug 30 (Reuters) - Russia's federal anti-monopoly
service (FAS) on Tuesday granted approval to technology
companies Yandex  YNDX.O  and VK  VKCOq.L  to proceed with an
asset-swap deal but with some unspecified terms aimed at
preserving competition.
    Yandex last week agreed to sell its news aggregator, content
platform and homepage to state-controlled VK in a move that is
expected to tighten the government's grip on the internet.
 urn:newsml:reuters.com:*:nL8N2ZZ167
    

 (Reporting by Reuters
Editing by David Goodman
)