Tag Archives: Restructures

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… 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 a mobility-focused joint venture as part of a $1 billion deal. The company added it had received a call option to… Source link

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