Yandex has struck a $1 billion deal to buy out U.S. ride-hailing giant Uber from a host of the pair’s joint ventures in Russia, the company announced Tuesday.
The deal signals a new stage in the partnership between Yandex and Uber which has seen the pair cement its position as Russia’s leading ride-hailing service and launch a host of initiatives in areas such as self-driving vehicles, express food delivery and car-sharing.
Under the terms of the deal, Yandex will take…
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