Yandex buy a popular online clothing store

“Yandex” will buy, and then integrates in Yandex.Market. Popular online store of Kupivip clothing. This is reported by TASS with reference to the company’s statement.

The transaction is planned to close in the second quarter of 2021 after the approval by the Federal Antimonopoly Service (FAS).

“Yandex” buys the Kupivip online store. The transaction will allow Yandex.Market to speed up the entry into the clothing market, shoes and accessories through the established infrastructure, the database of suppliers and many years of Kupivip’s experience, – the message.

First time “Market” and Kupivip will work and develop in parallel, but gradually services will be “integrated”. Shortly after the transaction, goods from Kupivip will begin to appear on the marketer, and the store will connect to the Yandex plus. At the same time, orders can be taken in the posts and items of issuing a “market”.

At the end of April, Yandex agreed to buy the Bank “Acropolis”. As a result of the transaction to the company, the licenses “Acropolis” will move, including banking. The amount of the transaction will be 1.1 billion rubles, of which 75 million is a bonus to the purchase.

Last year, Yandex wanted to acquire Tinkoff Bank for $ 5.48 billion, but in mid-October, the parties refused their plans. Tinky accused Yandex in a desire to unite, but just buy a bank.

/Media reports.