«Yandex» and Uber signed an agreement to merge their services in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. This will create a new company, reports a press-service «Yandex».
Under the agreement, Uber and «Yandex» will invest, respectively, $225 million and $100 million in the new company, the cost of which is estimated at $3,725 billion.
The transaction has been approved by the boards of Directors of Uber and «Yandex», but it still needs to be agreed with the regulatory authorities.
Taxi companies and drivers will operate on a single technology platform, with apps for travel order «Yandex.Taxi» by Uber and will continue to be available to users, said the press service of the Russian company.
Uber Technologies Inc. – an international company from San Francisco, who created the eponymous mobile app to search, call and pay taxi or private drivers. The app is available in 67 countries and in more than 300 cities around the world.
The activities of the service became the reason of scandals and protests in several countries, including Germany, France, Italy, Spain, Netherlands, Russia, and others. As a rule, were dissatisfied with Uber taxi drivers.
Yandex is a Russian multinational company, which owns Internet portals, providing over 50 services including the taxi services. The company ceased its activities in Ukraine after being hit by sanctions imposed by the Council of national security and defense of Ukraine due to Russian aggression.
«Yandex» and Uber create a single transportation company 13.07.2017