New Delhi: Yahoo Media companies that operate and publish digital content in India have shut down their news websites in India due to new foreign direct investment (FDI) rules limiting foreign ownership.
This includes Yahoo News, Yahoo Cricket, Finance, Entertainment and Makers India. However, it will not affect users’ Yahoo e-mail and search experiences in India.
“By August 26, 2021 yahoo india Will no longer publish content. 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,” said a notice on the Yahoo website.
US tech major Verizon acquired Yahoo in 2017.
In the FAQ section, Yahoo said that effective August 26, 2021, the company has ceased publishing content in India and Yahoo’s content operations in the country.
“We did not take this decision lightly. However, Yahoo India has been affected by changes in regulatory laws in India that now limit foreign ownership of media companies that operate and publish digital content in India. And we’re really proud of the premium, local content we’ve been providing to our users here for the past 20 years.”
It said that given that Yahoo Cricket has a ‘news’ component, “it was affected under the new FDI rules that limit foreign ownership of media companies that enter the ‘news and current affairs’ space in India.” operate and publish digital content.”
Thanking all its users in India for their “support and trust” over the past two decades, it noted that it is “open to opportunities that connect us with users here”.
According to the new FDI rules that will come into effect in October, digital media companies in India can accept up to 26 per cent of foreign investment as foreign investment, subject to approval from the central government.
“If you are a Yahoo Mail user, this change does not affect you in any way. This development does not affect our products Yahoo Mail and Yahoo Search, where we will continue to serve users in India without any change.” ” Said it.
This includes Yahoo News, Yahoo Cricket, Finance, Entertainment and Makers India. However, it will not affect users’ Yahoo e-mail and search experiences in India.
“By August 26, 2021 yahoo india Will no longer publish content. 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,” said a notice on the Yahoo website.
US tech major Verizon acquired Yahoo in 2017.
In the FAQ section, Yahoo said that effective August 26, 2021, the company has ceased publishing content in India and Yahoo’s content operations in the country.
“We did not take this decision lightly. However, Yahoo India has been affected by changes in regulatory laws in India that now limit foreign ownership of media companies that operate and publish digital content in India. And we’re really proud of the premium, local content we’ve been providing to our users here for the past 20 years.”
It said that given that Yahoo Cricket has a ‘news’ component, “it was affected under the new FDI rules that limit foreign ownership of media companies that enter the ‘news and current affairs’ space in India.” operate and publish digital content.”
Thanking all its users in India for their “support and trust” over the past two decades, it noted that it is “open to opportunities that connect us with users here”.
According to the new FDI rules that will come into effect in October, digital media companies in India can accept up to 26 per cent of foreign investment as foreign investment, subject to approval from the central government.
“If you are a Yahoo Mail user, this change does not affect you in any way. This development does not affect our products Yahoo Mail and Yahoo Search, where we will continue to serve users in India without any change.” ” Said it.
.