Yandex and VK are in negotiations to establish a joint venture focused on cloud services and artificial intelligence. Discussions regarding the partnership have been ongoing since July 2026. The parties are considering an equal 50/50 distribution of stakes in the potential entity, which may operate under the legal name OOO BTB Tech.
The proposed venture would likely integrate assets from Yandex B2B Tech, including Yandex Cloud, Yandex 360, and AI tools, alongside VK Tech’s portfolio, which features VK Cloud, communication platforms, and data management products. Final decisions on the specific assets to be transferred have not been reached as of September 22, 2026.
Financial performance for the first half of 2026 shows significant growth for both divisions. Yandex B2B Tech reported revenue of 28.9 ₽ billion, a 32% increase, while VK Tech revenue reached 9 ₽ billion, marking a 35.3% rise. VK Tech noted a 97.5% growth in revenue from small and medium-sized businesses.
Market analysts suggest that the consolidation could create a leader with approximately 30% of the Russian cloud and corporate IT market. The collaboration aims to combine Yandex's expertise in AI and infrastructure with VK's strengths in corporate software and public sector relations, potentially enhancing cross-selling opportunities and operational efficiency.
