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Russia: Uber, Yandex finalize merger

 |  February 7, 2018

Russian internet search engine Yandex and Uber have announced the close of the merger of Yandex.Taxi and the Uber ride-sharing businesses in Russia and neighboring countries.

After completion, consumers will be able to use both Yandex.Taxi and Uber applications, while the driver-side applications will be integrated. Uber will also contribute its UberEATS business in the region to the combined company.

Yandex will provide an update on the operational statistics of the combined company during its regular quarterly earnings call with analysts and investors, scheduled for February 15, 2018.

Full Content: Reuters

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