ArmInfo. Yandex and Uber decided to combine online business in Russia and CIS countries (Azerbaijan, Armenia, Belarus, Kazakhstan). Yandex taxi general director Tigran Khudaverdyan on the official page of the company announced this.
As a result of the merger, a new company will be created, headed by Tigran Khudaverdyan. Uber's investments in the new company will be $ 225 million, and - $ 100 million. The market value of the new company is estimated at $ 3.725 billion. Yandex will own 59.3% of the company's shares, and Uber - 36.6%. The rest of the shares will belong to the company's employees.
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