Yandex transfers professional network Moi Krug to Thematic Media

Russia’s search giant Yandex has “handed over” Moi Krug, a major professional social network which it acquired back in 2007, to Thematic Media (TM), a publisher of several online tech publications. The transaction was confirmed earlier this month by a Yandex representative to business daily Vedomosti, but no details of the deal have been disclosed.


Yandex recently stopped several projects which it judged to be too far from its core businesses. In 2014 the company shut down its blogging platform, Ya.ru, due to Internet users’ shift to social networks.


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