Yahoo shuts down news operations in India over FDI rules, check details here

Verizon Media decided to wind down Yahoo India operations due to a change in rules limiting foreign funding to more than 26% in digital news media outlets.

American web service provider Yahoo shut down its services in India on Thursday, August 26, stopping the publication of content operations across the country from that day. However, the web portal owned by technology company Verizon Media assured its users that their Yahoo accounts, e-mail and search experience will not be affected in any way.

“With effect from August 26, 2021, Yahoo India will no longer publish content,” said a statement on the Yahoo India homepage. “Your Yahoo account, mail and search experience will not be affected in any way and will work as usual. We thank you for your support and readers.”

According to the Frequently Asked Questions (FAQ) section on the Yahoo website, the company has decided to stop publishing all content in India, closing Yahoo’s content operations across the country. Discontinued content includes Yahoo News, Yahoo Cricket, Yahoo Finance, Entertainment and Makers India.

“We did not take this decision lightly,” Yahoo said. He said the company’s operations in India have been affected by recent changes to the country’s regulatory laws, which now limit foreign ownership of media companies operating and publishing digital content in India. “

Also read in hindi: याहू ने एफडीआई नियमों को लेकर भारत में समाचार संचालन बंद किया, विवरण यहां देखें