Yandex to acquire Delivery Club from VK.

Yandex, a technology company, agreed to acquire Delivery Club, a food delivery services firm, from VK, a technology company, in exchange for 100% of the food delivery service Delivery Club. “Creation and development of convenient content services for users is among VK’s top strategic priorities. While Zen is a unique platform popular with millions of users, already holding a leading market position but with also major development potential. Integration with VK will open up access for Zen’s content creators to new users as well as new formats. In the meantime, users will be able to enjoy even more quality content from education to entertainment. We highly appreciate the results achieved by the Zen team, and consider it right to give the team the opportunity to continue to develop independently, enabling the service to bring new content and evolve existing products faster and more efficiently, while further expanding its audience," Vladimir Kirienko, VK CEO.