Yahoo shuts down Indian news sites in response to foreign-investment rules
By Freny Patel ( August 27, 2021, 06:39 GMT | Insight) -- Verizon Media-owned web service provider Yahoo shut down its news websites in India yesterday, citing foreign direct-investment rules that cap foreign ownership at 26 percent. The company’s decision to close offerings including Yahoo News, Yahoo Cricket, Finance, Entertainment and Makers India follows the Indian government’s October 2020 clarification that granted existing media companies one year to dilute their shareholding to 26 percent and seek government approval.Verizon Media-owned web service provider Yahoo shut down its news websites in India yesterday, citing foreign direct-investment rules that cap foreign ownership at 26 percent....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.