Russia's VK drops Sberbank venture as part of Yandex tech deal


FILE PHOTO: The logo of Russian internet company VK is seen on a wall at the company's headquarters in Moscow, Russia January 21, 2022. REUTERS/Maxim Shemetov

MOSCOW (Reuters) -Russian tech firm VK on Tuesday said it had exited its joint venture with top lender Sberbank, paving the way for a deal with competitor Yandex that may have significant ramifications on Russia's internet industry.

Leading internet firm Yandex said it had agreed to sell its news aggregator and yandex.ru homepage to state-controlled rival VK, a move that will likely further limit Russians' access to independent media.

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