Translated material
Yandex will receive Uber shares
Yandex will receive a "minor" stake in Uber under the terms of an agreement to create a combined company to operate in Russia and some other countries of the former USSR. Ochir Mandzhikov, director of public relations at Yandex, told Meduza about this.
“We have the right to sell these shares back to Uber at an agreed price and within a specified time frame,” he said.
About how many shares in question, Mandzhikov did not specify. According to the materials on the US Securities and Exchange Commission website say that Yandex will receive Uber shares in exchange for about two percent of the shares in the combined company. the Vedomosti newspaper,
- Yandex.Taxi and Uber announced the creation of a joint company to operate in Russia, Belarus, Kazakhstan, Georgia, Azerbaijan and Armenia on July 13.
- Users will still be able to order a taxi in each of the applications, however, drivers will be combined into one platform. The companies said that the cost of travel should not change.
- Yandex will own 59.3 percent of the combined company, Uber - 36.6 percent. The remaining 4.1 percent of the shares will be received by the company's employees.