TECH CRUNCH - In further fallout from Russia's invasion of Ukraine, Yandex, referred to as the 'Google of Russia', has signed a term sheet to sell its media division to VK. It has signed a term sheet to divest its news aggregator (News) and blogging/infotainment platform (Zen) with VK. VK as the leading contender is said to acquire Yandex's media assets as the latter looked for an exit from rising risk in the wake of Russia's invasion of Ukraine and the Kremlin's tightening its grip on freedom of expression.
by Natasha Lomas
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