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"the San Francisco-based ride-hailing company will invest $225 million into the “Google of Russia,” while Yandex will take 59.3 % ownership of a jointly-held co
by fencepost 9y ago
"the San Francisco-based ride-hailing company will invest $225 million into the “Google of Russia,” while Yandex will take 59.3 % ownership of a jointly-held company through a $100 million investment,"
And an earlier article from Fortune also calling it a merger, when it's much more of a joint venture. From July: "Yandex and Uber said they will join forces in Russia, Armenia, Azerbaijan, Belarus, Georgia, and Kazakhstan to create a new company operating in some 127 cities, in a deal expected to close in the fourth quarter."