Tuesday, September 26, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple, Fitbit and Samsung Join FDA's Digital Health Software Precertification Program
Roxio Creator NXT 6 Boosts Add New MultiCam Capture, 360 Video Support and More
IBM Unveils New High-Powered Analytics System for Fast Access to Data Science
Firefox Quantum Edition Will be the Fastest Firefox Ever
LG Expands Google Assistant Across its Smart Appliance Portfolio
iPhone X Production Still Tight Due to 3-D Sensor Issues: report
Nvidia Offers Middle-earth: Shadow of War GeForce GTX Bundle
AMD Zen 2 "Matisse" Architecture Coming in 2019: report
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Uber an...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 13, 2017
Uber and Yandex Announce Merger Agreement


Uber Technologies Inc. and Yandex are merging their ride-hailing businesses in Russia, through a venture that will be valued at $3.73 billion.

As part of the deal, Uber will invest $225 million and take a 36.6 percent stake in a new venture, the companies said in a statement Thursday. Yandex which will invest $100 million and will own 59.3 percent of the new enterprise.

Last year, Uber left China in exchange for a 17.5 percent stake in rival Didi Chuxing, after losing more than $2 billion battling its competitor.

Uber is the dominant ride-hailing operator in the U.S. but has been on the defensive, beset by scandals that led to Travis Kalanick's ouster as chief executive officer.

Tigran Khudaverdyan, head of Yandex.Taxi in Russia, will become CEO of the combined enterprise, Uber and Yandex said. Together, their businesses handle 35 million rides a month, and will also operate in Kazakhstan, Azerbaijan, Armenia, Belarus and Georgia.

The deal is expected to close in the last three months of 2017.



Previous
Next
TSMC Q2 Sales Slowed as Industry Expects the iPhone Launch        All News        Huawei to Unveil AI Processors
TSMC Q2 Sales Slowed as Industry Expects the iPhone Launch     General Computing News      Audi's New A8 is the First Level 3 Autonomous Driving Car

Get RSS feed Easy Print E-Mail this Message

Related News
Uber Lost License to Operate in London
Judge Orders Uber not to Use Waymo's Technology
Uber Could Face Criminal Probe Over Alleged Theft Of Waymo's Trade Secrets
Uber Challenged as EU May Rank the Company as Transport
Uber Faces New Setback In South Korea
Uber Takes to The Skies With Flying Taxis by 2020
Uber Defends Its Technology In Waymo's Case
Waymo Targets Two Executives in Uber Self-driving Dispute
Uber Suspends Self-driving Car Program After Arizona Acident
Uber President Resigns
Google's Waymo Sues Uber Over Self-Driving Patents
Uber To Work With Daimler on Self-Driving Cars

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .