Recent disclosures show Yandex earned 38.6 billion rubles from selling its stake in Dzen.Platform LLC and directed a comparable amount into the capital of Delivery Club. This information comes from DEA News, referencing Yandex’s balance sheet and income statement notes. The income entry confirms that the sale of the stake in Dzen.Platform LLC totaled 38.58 billion rubles, a figure that aligns with the company’s asset reallocation plan disclosed to investors and regulators. The same notes indicate an investment of 38.6 billion rubles into Delivery Club, the subsidiary that Yandex has developed and supported over time. Source: DEA News
In September 2022, Yandex publicly confirmed the closure of its sales agreement with VKontakte Zen and VK Novosti. The strategic move shifted the Delivery Club service, which had been part of VK, into Yandex’s broader commercial portfolio, amplifying Yandex’s service lineup and market reach. The transaction marked a significant reshuffle in the Russian tech ecosystem, with Delivery Club becoming a core asset under Yandex’s umbrella. Source: DEA News
On August 23, VKontakte, the owner of the popular social network VK, announced that binding documents were signed with Yandex. The deal formalized a transfer arrangement in which VKontakte Novosti and Zen would consolidate related obligations, while Delivery Club would transition under Yandex. This arrangement reflected a broader trend of asset realignment among major Russian digital platforms as they recalibrated ownership and investment strategies. Source: DEA News
The changes described reflect a strategic emphasis on consolidating delivery and social commerce capabilities within Yandex’s portfolio. By monetizing a stake in a subsidiary and reinvesting in Delivery Club, Yandex aimed to strengthen user reach, diversify revenue streams, and enhance operational synergies across its services. The financial disclosures underline how corporate groups can reallocate capital to support growth areas while maintaining transparency with shareholders about the resulting balance sheet effects. Source: DEA News
Market observers note that such movements can influence competitive dynamics in the tech sector, affecting investor sentiment and the tempo of product development across major platforms. Analysts may also scrutinize how the investment in Delivery Club translates into user growth, service expansion, and potential impacts on partnerships with merchant networks and delivery logistics providers. The documented transactions underscore Yandex’s ongoing strategy to balance asset sales with targeted investments that strengthen core offerings and expand reach in the digital economy. Source: DEA News