The Bell: VK and Sber approved the division of the joint venture
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VK, as part of the joint venture with Sber (O2O), will receive the Delivery Club food delivery service, which it will then transfer to Yandex in exchange for its News aggregator and the Zen recommendation platform, informed The Bell, citing sources close to the negotiators. The remaining O2O assets, including Citydrive carsharing and Samokat and Kitchen on the District grocery delivery services, will be transferred to Sberbank. Sources of the publication claim that VK and Sberbank have finally agreed on the conditions for dividing the joint venture.
It is planned to announce the conditions for the division of O2O assets in the near future, the publication adds. VK and Yandex declined to comment on The Bell, Sber did not respond to a request.
In April, Yandex and VK announced the transfer of Yandex.News and Zen services to the latter, the terms of the transaction were not disclosed. Information about the sale of these services appeared after the start of the Russian military operation in Ukraine. In July The Bell informedthat VK and Sberbank are discussing a possible sale of Delivery Club to Yandex in exchange for its information services. After that, Forbes sources clarifiedthat the remaining assets of O2O will be transferred to Sberbank.
About the future of “Yandex” without information services – in the material “Kommersant” “Search bar – Latin America”.
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