Verizon Media made a decision to turn off Yahoo Indian operations because of changes in rules that limit foreign funding of more than 26% in digital news media outlets.
Yahoo’s American web service provider turned off its services in India on Thursday, August 26, thus stopped the publication of content operations throughout the country from today and so on. However, the web portal, owned by the Verizon Media technology company, convinced users that Yahoo accounts, email, and their search experience will not be affected by any way.
“On August 26, 2021, Yahoo India will no longer publish content,” said the Homepage of Yahoo India reading. “Your Yahoo account, letters, and the search experience will not be affected by any way and will operate as usual. We thank you for your support and readers.”
According to the frequently submitted question (FAQ) on the Yahoo website, the company has decided to stop the publication of all content in India, turn off Yahoo content operations throughout the country. Content offers closed including Yahoo news, Yahoo Cricket, Yahoo Finance, Entertainment, and Indian makers.
“We did not arrive at this decision lightly,” Yahoo said, adding that the operation of the company in India was influenced by recent changes in the state regulatory law “which now limits foreign ownership of media companies that operate and publish digital content in India. “
Verizon Media made a decision to turn off Yahoo Indian operations because of changes in rules that limit foreign funding of more than 26% in digital news media outlets. The new rules mean that Yahoo India must restructure throughout the media business within a certain period of time to operate the current news and business business in this country.
Thanking all users in India for “support and trust” over the past two decades, Yahoo stressed that development did not have an impact on Yahoo’s mail and Yahoo search, which he said, “will continue to serve users in India as before, without changing.”
