Russia’s largest internet Group, Yandex NV (NASDAQ:YNDX) – which claims a market share of 60% of all Russian search traffic – announced an agreement with Facebook Inc (NASDAQ:FB) to access the social network’s Russian user content.
Deal opens up new frontiers to Yandex
The deal would give the Yandex NV (NASDAQ:YNDX) search platform access to Facebook’s users in Russia, Ukraine, Belarus, Kazakhstan, Turkey and other CIS countries. In addition to searching Facebook Inc (NASDAQ:FB) user posts, the agreement allows the Yandex search engine to access other users’ comments on posts.
The non-cash agreement is seen as a win for Yandex...
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