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

The logo of Russian internet group Yandex is pictured at the company’s headquarter in Moscow, Russia October 4, 2018. REUTERS/Shamil Zhumatov

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. read more

Reporting by Reuters
Editing by David Goodman

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