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…


Source link

About search

Check Also

Yandex leads cloud storage, email services at Dom.ru – Telecompaper EN

Yandex leads cloud storage, email services at Dom.ru – Telecompaper EN

[unable to retrieve full-text content]Yandex leads cloud storage, email services at Dom.ru  Telecompaper EN Source link

Leave a Reply

Your email address will not be published. Required fields are marked *