Yandex takes more control of Russian venture with Uber in billion deal, Auto News, ET Auto

Yandex takes more control of Russian venture with Uber in $1 billion deal, Auto News, ET Auto

search August 31, 2021 Yandex News Leave a comment 17 Views

The restructuring of the MLU ride-hailing and car sharing joint venture, which includes Yandex.Taxi, will see Yandex own 71% while Uber's stake falls to 29% from 33.5%, Yandex said, adding it had taken out a $2 billion call option to buy out the rest if it chooses to do so.
The restructuring of the MLU ride-hailing and car sharing joint venture, which includes Yandex.Taxi, will see Yandex own 71% while Uber’s stake falls to 29% from 33.5%, Yandex said, adding it had taken out a $2 billion call option to buy out the rest if it chooses to do so.

By Anna Rzhevkina and Gleb Stolyarov

MOSCOW: Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their…


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