Yandex announces the completion of asset swap with VK. Yandex has acquired the Delivery Club food and grocery delivery service, while VK has acquired Yandex.Zen and Yandex.News in exchange.

Yandex will continue developing the Delivery Club brand, its app and website will still operate. At the same time, the service will complement Yandex.Eats on the single technology platform.

The deal was approved by the Federal Antimonopoly Service.

Earlier Yandex was reported to have acquired 99.95% of Delivery Club, the remaining shares belonging to GIS Tekhnologii (Yandex subsidiary). The deal was closed on September 8.

The details of the asset swap between Sber, Yandex and VK were revealed on August 23. VK announced that it would exit the O2O Holding (joint venture with Sber) and would acquire 100% of Delivery Club, which would later be transferred to Yandex. In exchange, VK will get the news aggregator and Zen.

Original in Russian