“Yandex” and Uber has closed a deal to merge the businesses of online travel arrangements in Russia and neighboring countries in the new company. This is stated in the message “Yandex”.
At the close of the transaction, Uber and “Yandex” has invested in the new company respectively 225 million and 100 million U.S. dollars. Given these investments funds on the balance sheet of the company amount to 400 million dollars”, – stated in the message.
The company is estimated at more than 3.8 billion U.S. dollars. “Yandex” owns 59.3% of the company, the Uber – 36.9% and 3.8%.
CEO of the new company was Tigran khudaverdyan, formerly head of “Yandex.Taxi.” The Board of Directors also includes four representatives of “Yandex”
The Application “Yandex.Taxi,” Uber continues to be available to users at the same time, the taxis and the drivers will switch to a single technology platform.