Yandex: Russia’s Yandex buys Uber’s stake in joint venture for $702.5 million – Times of India

Yandex: Russia’s Yandex buys Uber’s stake in joint venture for $702.5 million – Times of India

MOSCOW: Russian tech giant Yandex said on Friday it had bought Uber‘s stake in their joint taxi venture for $702.5 million.
“As a result of the deal, Yandex will become the sole owner of the group, which includes a taxi ordering service, carsharing and scooter rental,” Yandex said in a statement.

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