Categories: auto

Uber and Yandex unite business taxi

59% of the new company will belong to “Yandex”, 36.6% of Uber.

The Russian company Yandex and Uber unite business taxi.

About it reported in a press release of Yandex.

Under the agreement, Uber and Yandex respectively invest $225 million and $100 million in the new company.

“We Yandex.Taxi and Uber, have resolved to combine our services and business in Russia and also in Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan, is given in the message words of the General Director of Yandex.Taxi Tigran Khudaverdyan. Together we will build a “personal public transport” – an alternative to personal vehicle, bus or subway”.

He said that after the merger “nothing will change” – to order a taxi will be like using the Uber app and via Yandex.Taxi.

Drivers will unite on a single platform.

© 2017, paradox. All rights reserved.

paradox

Share
Published by
paradox

Recent Posts

Relations with West, national resilience and forging victory: Key takeaways from Putin’s inauguration

Russian President Vladimir Putin has officially been sworn into office for a fifth term. In…

4 hours ago

Russia issues military ultimatum to UK

Moscow will retaliate against British targets in Ukraine or elsewhere if Kiev uses UK-provided missiles…

1 day ago

Zelensky can’t ‘mobilize God’ – Russian church

Ukrainian President Vladimir Zelensky cannot enlist God in Kiev’s fight against Moscow, the Russian Orthodox…

2 days ago

Ukrainians are God’s chosen people – Zelensky

Ukrainian President Vladimir Zelensky has proclaimed that God is an “ally” of Ukraine in the…

2 days ago

Israel ready for temporary truce with Hamas – Netanyahu

Israel is willing to pause its military offensive in Gaza if Hamas releases all the…

2 days ago

Some EU states still consider Russia ‘good friend’ – Borrell

The EU’s top diplomat, Josep Borrell, has admitted that not every member state agrees to…

3 days ago