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«Yandex.Taxi” by Uber and completed the transaction on merge

The Service “Yandex.Taxi” and Uber has officially closed a deal to merge their businesses in the field of passenger transport. All terms of the agreement, signed in the summer of 2017, completed, and now both projects work together in the new joint company.

Agreement between “Yandex.Taxi sector” provides services on transportation of passengers in Russia, Armenia, Kazakhstan, Azerbaijan, Georgia and Belarus. In Ukraine nothing will happen, as “Yandex” last year went out of business in this country. In the new company “Yandex.Taxi” and Uber invested 225 and $ 100 million respectively, and 59.3% of its shares belongs to Yandex. Uber has received 37% of the securities, and the remaining percentage was divided among the staff.

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The General Director of the project was the former head of “Yandex.Taxi” Tigran khudaverdyan, and the Board of Directors of the company included three representatives of Yandex and four employees of Uber. Consumers will be able to use the application “Yandex.Taxi” and Uber for ordering a taxi without any restrictions, but from a technical point of view both tools very soon transferred to the new platform, versatile and much more convenient.

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