Russian Streaming Service Zvooq Sues Internet Firm Yandex for ‘Poaching’ Staff

What enraged Zvooq was that amidst negotiations between the two companies, Yandex hired Zvooq’s marketing director Varvara Semenikhina in an identical position for its streaming service, Yandex.Music. Zvooq claims that Yandex was never serious about a possible investment and was only looking to poach a key employee to develop its competing service. Zvooq estimates losses from the failed deal and the poaching at $29 million. – Vladimir Kozlov, Billboard