Yahoo News, Yahoo Cricket, Finance, Entertainment shut down in India

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Yahoo said Thursday that its news websites in India, including Yahoo News, Yahoo Cricket, Finance, Entertainment and MAKERS India, have been shut down.

The Yahoo Mail user, on the other hand, will not be affected. This development, according to Yahoo, has nothing to do with its Yahoo Mail and Yahoo Search products. Yahoo also stated that it will continue to serve Indian users in the same way as before.

“Yahoo India will stop publishing material on August 26, 2021. Your Yahoo account, mail and search experiences will not be affected and will continue to function as normal. We appreciate your patronage and readers,” according to a notice on Yahoo’s website.

Yahoo stated in its FAQ that the company has stopped publishing material in India and has closed Yahoo’s content operations in the country effective August 26, 2021.

“This was not an easy decision for us to make. However, changes in Indian regulatory rules have had an impact on Yahoo India, limiting foreign ownership of media organizations that operate and produce digital content in India. Yahoo has a long history in India, and we are proud of the premium local content that we have delivered to our users over the past two decades,” he stated.

Yahoo Cricket, he noted, “was affected by new FDI restrictions banning foreign ownership of media companies producing and distributing digital content in India in the ‘News & Current Affairs’ area,” because it had a “news” component. ”.

Under the new FDI legislation, digital media companies in India can accept up to 26% foreign investment, subject to central government approval, which will take effect in October.

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