Uber will be merging with Yandex in six different countries, including Russia, Azerbaijan, Belarus, Kazakhstan, Armenia and Georgia.
San Francisco-based Uber has agreed to invest $225 million (13.5 billion roubles) while Yandex will contribute $100 million into a new joint company in which Yandex will own 59.3 percent and employees will have a 4.1 percent stake.
At the same time, Yandex press service told TASS that the company does not rule out the initial public offering (IPO) for the new Yandex.Taxi and Uber and company. "The new company's goal will be to serve the needs of riders, drivers and cities as we develop a fast-growing, sustainable ridesharing, food delivery and logistics business in the region", Pierre-Dimitri Gore-Coty, head of Uber's business in Europe, the Middle East, and Africa, said in a statement announcing the news. Uber, which raised funds regularly in 2015 and 2016, raised an undisclosed amount from German Investor Axel Springer this year, the only fundraising activity this year according to Crunchbase. The San Francisco based company is known for being aggressive in its approach to entering new global markets and will end the costly battle that the two firms have seen drag on for more than three years since the arrival of Uber in Russian Federation.
The new company will cover 127 cities of 6 countries and carry out 35 million transfers monthly. Uber had to fight regulations on the one side, face angry protests from local taxi unions, and offer deep discounts and promotions in search of market share. The U.S. firm in return got a 17.5% stake in Didi, which at that time was valued at $35 billion.
Following completion, passengers will be able to continue to use either Yandexor Uber apps. Uber had been bleeding money in China.
"Not only is this partnership good news for our two companies, it's also great for riders, drivers and cities across the region".
The difference between the Didi deal and the Yandex deal, however, is that there are no Uber properties that are continuing to operate in China. Once that happens, they plan to integrate their driver apps.
The hospital said he shouldn't be moved, suing the parents in court to keep him there and "die with dignity". Charlie suffers from mitochondrial depletion syndrome, which saps the energy from his organs and muscles.
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Agents are investigating the possibility that the explosion was an incident of domestic terrorism, according to the Tulsa World . Federal officials are investigating an explosion at an Air Force recruitment base in a strip mall in Bixby, southeast of Tulsa.
However, he added that the company will press on with its rollout, aiming to make 30m brollies available by the end of the year. The same publication reports that Zhao plans to release another 30 million umbrellas across China by the end of the year.
Chelsea are reported to have made a similar offer but baulked at paying the size of the agent's fee Mino Raiola demanded. Ibrahimovic joined the club on a free one-year contract last summer, with the option to extend for another year.
There's one very valuable asset that Djibouti possesses that's of prime concern to global military powers: It's location. Djibouti , which is about the size of Wales, is at the southern entrance to the Red Sea on the route to the Suez Canal.
Nissan said the new recall affects just over 515,000 Versa subcompact hatchback and sedans from the 2007 through 2012 model years. Honda said the vehicle's registered owners had received at least 12 recall notices but never got recommended repairs.
Kim Kardashian has denied claims that there were lines of cocaine in the background of a social media clip she released. Taking the purported container out of her purse, she declared, 'I have never done coke; I'm just not into that stuff.
While Google Home was a hero in this particular case, these kinds of stories certainly leave some people uneasy. A SWAT team and negotiators were called in and eventually managed to get him to give himself up, police said.
It suggests giving the IOC Ethics Commission freedom to start its own investigations of suspected wrongdoing. Image: People walk past the Olympic rings in Gangneung, South Korea February 9, 2017.
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