Yandex takes more control of Russian venture with Uber in  bln deal

Yandex takes more control of Russian venture with Uber in $1 bln deal

An Uber logo is seen during the global outbreak of the coronavirus disease (COVID-19), in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson

MOSCOW, Aug 31 (Reuters) – Russian internet giant Yandex (YNDX.O) said on Tuesday it would buy Uber’s (UBER.N) stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in their ride-hailing joint venture as part of a $1 billion deal.

The restructuring of the MLU ride-hailing and car…


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