Yandex bought the remaining Uber stake in the joint venture and became the sole owner of the Yandex.Taxi group of companies. Includes taxi ordering service, scooter rental and car sharing. The settlement amounted to $702.5 million.

Yandex bought Uber’s full stake in the Yandex.Taxi group of companies

Yandex became the sole owner of the Yandex.Taxi group of companies. The company bought Uber’s full stake in the joint venture for $702.5 million, the Yandex press service said.

The Yandex.Taxi group of companies includes a service for ordering a taxi, car sharing and renting scooters. Changes in the composition of the founders will not affect the operation of services for users and partners, specified in Yandex.

Previously, Yandex bought Uber’s stake in Yandex.Food, Yandex.Lavka, a delivery service, and a division for the development of unmanned vehicles and rovers.

With the acquisition of the full stake in Yandex.Taxi, Yandex has fully consolidated the passenger technology and food technology business areas.


Kirill Bilyk

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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