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YANDEX UBER DEAL
Russia's Yandex buys Uber's stake in taxi JV for $703 millionIn 2021, Uber divested its stake in a foodtech and delivery joint venture with Yandex. The companies joined forces in Russia in 2017 to com...- Digital curtain descends on RussiaSince Vladimir Putin’s invasion of Ukraine began on February 24, more than 340 companies have announced complete or partial withdrawals fro...
- Uber weighs purchase of BMW-Daimler ride-hailing ventureUber has been looking to shed minority holdings in several ride-hailing operations recently, including portions of its stakes in China’s Di...
- Uber, Yandex complete ride services mergerUber and Yandex, often referred to as the "Google of Russia", announced plans last year to combine operations in 127 cities in Russia, Arme...
- Tencent invests $400 million in Ola for 9.57% stakeSingapore-based Copper Technology Pte Ltd will take a 9.57% stake in Ola, according to filings with the Registrar of Companies on Friday.
- Tencent finalises its $400-million investment in Ola, values startup at over $3.8 billionChinese internet conglomerate Tencent’s investment is part of an ongoing round of financing since November in which it has managed to mop u...
- Tencent in talks to invest $400 million in OlaThe Bengaluru company has raised nearly $400 mn since November last year as it seeks to fortify its position as the first mover in the Indi...
- After China, Uber exits Russia but books a ride with Yandex TaxiThe Russia deal is Uber's second retreat from a major market after exiting China last year, losing over $2 billion in its battle with Chine...
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