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…
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