Yandex News

Yandex (NASDAQ: YNDX) shares are trading higher after the company announced it will acquire 100% of Uber’s interest in the Foodtech, Delivery and Self-driving businesses. “Since we started our partnership with Uber in 2018, we’ve been able to create and rapidly develop a number of successful businesses — all of them are highly synergetic to our e-commerce initiative and to the entire Yandex ecosystem. The consolidation of these businesses puts us in a great position to further increase… Source link

Russian IT giant Yandex said on Tuesday that it had reached a $1 billion deal to buy out ride-hailing service Uber from several joint ventures, squeezing the US company out of ex-Soviet markets. Under the deal, Yandex will buy Uber’s stake in their shared food delivery operations and a business that develops self-driving vehicles, gaining 100 per cent ownership. Yandex… Source link

The market has been high on Yandex NV (YNDX) stock recently. YNDX gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Yandex NV has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on YNDX! Source link

The restructuring of the MLU ride-hailing and car sharing joint venture, which includes Yandex.Taxi, will see Yandex own 71% while Uber’s stake falls to 29% from 33.5%, Yandex said, adding it had taken out a $2 billion call option to buy out the rest if it chooses to do so. By Anna Rzhevkina and Gleb Stolyarov MOSCOW: Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their… Source link

Russian IT giant Yandex said on Tuesday it had reached a $1 billion (€0.85bn) deal to buy out ride-hailing service Uber from several joint ventures, squeezing the US company out of ex-Soviet markets. Under the deal, Yandex will buy Uber’s stake in their shared food delivery operations and a business that develops self-driving vehicles, gaining 100 per cent ownership. Yandex will also increase to 71 per cent its stake in transport ventures with Uber – including taxi and car-sharing… Source link

The US-based fund Fidelity Management & Research Company (FMR) has acquired a 4.5 percent stake in Russian internet search engine Yandex, reports Cnews.ru. The market price of this stake is UAS 1.17 billion. Five US-based funds now own stakes at Yandex.  Source link

Image credit: Yandex Yandex (NASDAQ and MOEX: YNDX), one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, announces that it has entered into a binding agreement with Uber to restructure the ownership of their joint ventures, MLU B.V. (“MLU”) and Yandex Self-Driving B.V. (“SDG”). Under this agreement, for total consideration of $1.0 billion in cash, Yandex will receive: Uber’s 33.5% indirect interest in Yandex.Eats, Yandex.Lavka and… Source link

Yandex Introduces SignalQ2 Driver Monitoring Camera for Its Ride-Hailing Partners and Other Fleets, Powered by Ambarella’s CVflow Edge AI Vision Soc We store cookies on your computer to improve your experience and provide more personalized services, both on this website and on other sites. For more information about the… Source link

Let’s talk about the popular Yandex N.V. (NASDAQ:YNDX). The company’s shares saw its share price hover around a small range of US$66.66 to US$73.13 over the last few weeks. But is this actually reflective of the share value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let’s take a look at Yandex’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. View our latest analysis… Source link

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 their ride-hailing joint venture as part of a $1 billion deal. The restructuring of the MLU ride-hailing and car… Source link