“Yandex” fully bought out Uber’s share in the joint venture with the company. The total amount of the transaction amounts to 702.5 million dollars. Through this agreement, Yandex will become the sole owner of the company, which includes services such as taxis, car sharing and scooter rental.
Yandex bought out Uber’s remaining share in the Yandex Taxi group of companies. As a result of the transaction, Yandex will become the sole owner of the group, which includes taxi ordering, car sharing and scooter rental services. The parties have received approval from regulators, with the total amount of the transaction amounting to $702.5 million,” TASS said citing Yandex.
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