Uber and Yandex will unite a business taxi

Yandex and Uber combine taxi services, according to the Yandex release, which entered the Republic.

Under the terms of the agreement, Uber and Yandex are invested, respectively, $ 225 million and $ 100 million in a new company.

“We, Yandex.Taxi” and Uber, decided to combine our services and businesses in Russia, as well as in Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan, - the words of the general director of Yandex.Taxi Tigran Khudardyan are given in the statement. “Together we will build“ Personal Public Transport ” - an alternative to a personal car, buses or metro.”

Khudardyan clarified that after the unification “nothing will change for users” - it will be possible to order a taxi both through the Uber application and through Yandex.Taxi. Drivers will be combined on the basis of a single platform. The united company of Khudardyan will be headed.

“In addition, Uber and I agreed on a roaming agreement in all countries where companies work. For example, having arrived in London or Bangkok, you can order Uber from the Yandex.Taxi application, and tourists from Paris - order Yandex.Taxi from the Uber application, ”added a representative of the Russian company.

Yandex specified that the regulators should approve the transaction. The company estimated the total business at $ 3.7 billion. The new company will belong to Yandex by 59%, by 36.6% - Uber, another 4.1% of the shares will be owned by employees of the joint business.

According to Prime , after reports on the unification of the companies of the Yandex campaign, 17%grew on the Moscow Exchange. The agency notes that the company's papers have risen in price to the historical maximum - to 1915 rubles.

On the premarket of the New York Stock Exchange, the Yandex shares increased by almost 16% to $ 31.7. After the opening of the bidding, the paper grew by 15-17%.

In August 2016, it became known that Uberchina intends to unite with the main competitor, the DIDI Chuxing service. According to Bloomberg, the Chinese company will invest $ 1 billion in Uber.