Yahoo shuts down news, cricket, entertainment websites in India

Yahoo has announced that it has shut down its news websites in India that includes Yahoo News, Yahoo Cricket, Finance, Entertainment and MAKERS India.

In the FAQ section, Yahoo said effective August 26, 2021, the company has ceased publication of content in India and has shut down Yahoo’s content operations in the country. “We did not come to this decision lightly. However, Yahoo India has been impacted by changes to regulatory laws in India that now limit the foreign ownership of media companies that operate and publish digital content in India. Yahoo has had a long association with India and we’re really proud of the premium, local content we have provided our users here for the last 20 years,” it said.

As per the new FDI regulations that will come into effect in October, digital media companies in India can accept up to 26 per cent investment in the form of foreign investment, subject to approval from the central government.

0

0