Uber to Sell Stakes in Yandex Ventures

Uber is set to sell its ownership stake in a handful of joint ventures with Russian Internet giant Yandex.

According to a release from Yandex, Uber’s board approved the sale of shares in Yandex.Eats, Yandex.Lavka and Yandex.Delivery. Uber is set to sell 33.5-percent stake in the grocery delivery service, the hyper-local convenience delivery program the company’s last-mile logistics solution respectively.

Uber will also sell its 18.2 percent stake in the Yandex Self-Driving Group…


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