FAS received applications for the purchase of Delivery Club, Novosti and Zen
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VK and “Yandex» submitted applications to the Federal Antimonopoly Service (FAS) for the acquisition of the Delivery Club food delivery service from stores and restaurants, the Novosti news aggregator and the Zen recommendation platform, reported in the department’s Telegram channel. They specified that the regulator will assess the impact of the transaction on the relevant markets.
On the eve it became known that VK will receive 100% of Delivery Club shares and withdraw from the joint venture with Sber – O2O Holding. It is clarified that the deal is planned to be closed before the end of this year – after the necessary regulatory approvals are received. The company assured that after the closing of the transaction, VK and Sberbank will remain strategic partners.
After that, the food delivery service will be transferred to Yandex, and in exchange, VK will receive the Zen and News services. “After the closing of the Delivery Club transaction and “Yandex.Food” will move to a single technological platform. Due to this, the density of orders, that is, their number per square kilometer, will become higher. Couriers will be able to carry out more deliveries within the area – and, accordingly, earn more. Users, in turn, will receive orders faster, and the choice of restaurants will expand.
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