Russia’s Yandex restructures JV ownership with Uber in $1 billion deal

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MOSCOW (Reuters) – Russian internet giant Yandex (NASDAQ:YNDX) said on Tuesday it would buy Uber (NYSE:UBER)’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal.

The company added it had received a call option to purchase Uber’s remaining stake in mobility businesses for up to $2 billion.

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