Yandex News

Yandex Buys Uber Out of Food Delivery Partnership in $1Bln Deal

Yandex has struck a $1 billion deal to buy out U.S. ride-hailing giant Uber from a host of the pair’s joint ventures in Russia, the company announced Tuesday. The deal signals a new stage in the partnership between Yandex and Uber which has seen the pair cement its position as Russia’s leading ride-hailing service and launch a host of initiatives in areas such as self-driving vehicles, express food delivery and car-sharing. Under the terms of the deal, Yandex will take… Source link

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Russia’s Yandex restructures JV ownership with Uber in $1 bln deal

An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson MOSCOW, Aug 31 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber’s (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal. The company added it had received a call option to… Source link

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Yandex (YNDX) Up 2.1% Since Last Earnings Report: Can It Continue? – August 27, 2021

A month has gone by since the last earnings report for Yandex (YNDX Quick QuoteYNDX – Free Report) . Shares have added about 2.1% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Yandex due for a pullback? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the… Source link

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Russian Tech Giant Yandex Reveals Fashion Growth Ambitions

Yandex.Market wants to grow its fashion category from one percent to 20 percent of total GMV. Shutterstock Although Yandex backed out of a deal to buy fashion e-tailer KupiVip in July, the tech giant hasn’t given up on the fashion segment, announcing earlier this week at its Yandex Fashion Day conference that its own Yandex.Market platform would be doubling down on fashion category… Source link

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Yandex introduces spam call blocking on its app

Russian internet search engine Yandex said customers can now block spam calls using its Yandex application. The application includes a function that automatically defines telephone numbers; it can recognise advertising calls from financial service providers, as well as other unwanted calls, including fraud calls or calls from debt collectors, for example. The company says the option can block 70 percent of spam calls. Source link

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