Russia’s Yandex restructures JV ownership with Uber in $1 billion deal | The Mighty 790 KFGO

MOSCOW (Reuters) -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 a mobility-focused joint venture as part of a $1 billion deal.

The company added that it had received a call option to purchase Uber’s remaining stake in mobility businesses for up to $2 billion.

The restructured joint venture MLU will continue to focus on mobility businesses, including ride-hailing and car…


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[unable to retrieve full-text content]Insiders Sell, Yandex Plummets. Should You Worry?  AOL Source link

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