Yahoo has shut down its news websites in India because of new foreign direct investment (FDI) rules that limit foreign ownership of media companies that operate and publish digital content in India. This includes Yahoo News, Yahoo Cricket, Finance, Entertainment, and MAKERS India.
This will not affect users” Yahoo e-mail, and search experiences in India.
Yahoo Website Said :
“As of August 26th, 2021 Yahoo India will no longer be publishing content. Your Yahoo Account, Mail and Search experiences will not be affect in any way and will operate as usual. We thank you for your support and readership,”.
Verizon had acquired Yahoo in 2017.
Yahoo said effective 26th August 2021 cease publication of content in India and has shut down Yahoo’s content operations in the country.
Yahoo Website Said :
“We did not come to this decision lightly. However, Yahoo India has been impact 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 was impact under the new FDI regulations that limit foreign ownership of media companies that operate and publish digital content in India in the ”News and Current Affairs’ space”.
As per the new FDI regulations that will come into effect in October, digital media companies in India can accept up to 26% investment in the form of foreign investment, subject to approval from the central government.
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