Russia's 'Yandex' Corporation To Buy Out Uber Shares Worth $1 Billion
Russian-Dutch domiciled multinational corporation 'Yandex' will reportedly buy out the shares of American Technology company "Uber" for nearly $1 billion. The deal was announced on August 31 after which it enabled 'Yandex' to gain full control over companies like Yandex.Eats, Yandex.Lavka, Yandex.Delivery, and Yandex Self-Driving group. "Since we started our partnership with Uber in 2018... the entire Yandex ecosystem,” said Tigran Khudaverdyan, deputy CEO of Yandex.