Yearly Archives: 2020

Yandex Restructures Self-Driving Business Nasdaq:YNDX

Yandex will increase its stake in the new company (Yandex SDG) to 73% and invest anadditional $150 million in its future development MOSCOW and AMSTERDAM, Sept. 04, 2020 (GLOBE NEWSWIRE) — Yandex N.V. (NASDAQ and MOEX: YNDX) and Uber today entered into agreements to spin off the self-driving vehicles business, Yandex Self Driving Group B.V. (“Yandex SDG”) from their ride-hailing and foodtech joint venture, MLU B.V. Following these transactions, Yandex SDG will be directly owned by… Source link

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Yandex spins out self-driving car unit from its Uber JV, invests $150M into new company – TechCrunch

Self-driving cars are still many years away from becoming a ubiquitous reality, but today, one of the bigger efforts to build and develop them is taking a significant step out as part of its strategy to be at the forefront for when they do. Yandex — the publicly traded Russian tech giant that started as a search engine but has expanded into a number of other, related areas (similar to U.S. counterpart Google) — today announced that it is spinning out its self-driving car unit from… Source link

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Microsoft and Walmart look to boost ads, e-commerce with TikTok deal

As Microsoft and Walmart work together on a deal to buy TikTok’s U.S. business from China’s ByteDance, the giants each see fresh opportunities to expand into long-coveted markets — advertising in Microsoft’s case and e-commerce for Walmart. But both companies have decidedly mixed track records in these realms. By the numbers: Walmart currently makes less than 8% of its total revenue on e-commerce, despite pricey forays into the industry, like its $3.3 billion acquisition of the now-defunct… Source link

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Why it makes sense for Oracle to buy TikTok. Sort of.

This is the web variation of Data Sheet, Fortune’s day-to-day newsletter on the leading tech news. To get it provided day-to-day to your in-box, register here There’s a great factor I rapidly dismissed the possibility of Oracle buying TikTo k: I am not a financial investment lender. Oracle is not a customer business. “Oracle provides products and services that address enterprise information technology (IT) environments,” is the very first line in its yearly report. The word… Source link

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