Yandex acquires Uber’s stake in taxi JV for $703 million

  • In 2021, Uber divested its stake in a joint venture with Yandex.
  • The joint venture was related to foodtech and delivery.
  • The companies joined forces in 2017 to combine their ride-sharing businesses in Russia and neighbouring countries.
  • Yandex has now acquired Uber’s stake in the joint venture for $703 million.


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