Yandex Restructures Self-Driving Business Nasdaq:YNDX

Yandex will increase its stake in the new company (Yandex SDG) to 73% and invest an
additional $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…

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