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Yandex buys out Uber's stake in Yandex Self-Driving Group, Eats, Lavka and Deliv...
source link: https://nextbigwhat.com/yandex-buys-out-ubers-stake-in-yandex-self-driving-group-eats-lavka-and-delivery-for-1b-techcrunch/
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Yandex buys out Uber’s stake in Yandex Self-Driving Group, Eats, Lavka and Delivery for $1B
- Yandex SDG is an autonomous technology spinout from MLU B.V., the ride-hailing and food delivery joint venture Yandex formed with Uber in 2018 by merging Yandex.
- Last year, when SDG was spun out into a separate business, Uber was left with an 18.2% stake in the company, which has just been bought out by Yandex.
- Yandex also purchased Uber’s 33.5% collective interest in Yandex’s food delivery service, last-mile logistics service and 15-minute convenience store delivery service.
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