Yandex Pulls Out of KupiVIP Deal

13 July 2021

Last week Russian tech giant Yandex announced it was pulling out of a deal to buy online fashion retailer KupiVIP, but is considering alternative outlets in the fashion sector. Yandex said in May it had agreed to buy the online retailer on undisclosed terms to enhance its Yandex.Market offering.

“Yandex.Market will not exercise its option to buy the KupiVIP group,” a Yandex representative said in a statement.

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