Future Tech
Russia's Yandex restructures JV ownership with Uber in $1 billion deal
MOSCOW - Russian internet giant Yandex said on Tuesday it would buy Uber's stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal.
The company added it had received a call option to purchase Uber's remaining stake in mobility businesses for up to $2 billion.
- Reuters
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