Anton Gorelkin, Deputy Chairman of the State Duma Information Policy Committee, commented on the agreement. According to him, such an agreement will result in the emergence of a full-fledged competitor to YouTube on the basis of Zen. Gorelkin emphasized that the Russian market “needs a serious competitor to American YouTube” and expressed confidence that after such a “redistribution” everyone will focus on their own direction.
Gorelkin believes that as a result of the transaction, companies will focus on what each does best.
“The domain name yandex.ru becomes the property of VK, users will continue to use the services in their normal format. The agreement is beneficial for both leaders and for our two large holdings. As you know, VK is a recognized leader in the segment of social networks, and Yandex is the leader in the search segment. Accordingly, Yandex will focus on the search and development of various city services, while VK will focus on social networks and social media. Everyone will do their best, ”the politician believes.
Source: Ferra
