Uber Technologies and Yandex Joint Venture Status
A company was formed as a joint venture of $325 million between Uber Technologies and Yandex (NAS: YNDX) on February 07, 2018. The joint venture is valued at $3.8 billion. Uber will invest $225 million and Yandex will invest $100 million into the new joint venture, in which Yandex will own 59.3%, Uber will hold 36.6%, and employees will have 4.1%.
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