Deals
Uber's Plan to Merge Russian Business With Yandex Approved
- Yandex, Uber to combine taxi businesses in January 2018
- Joint venture shouldn’t restrict users, drivers using rivals
Uber's New CEO Faces Some Big Challenges
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Yandex NV, Russia’s largest technology company, received local antitrust approval to merge its ride-hailing business with Uber’s in the country, the Russian Federal Antimonopoly Service said Friday.
Ordering rides from smartphone apps is driving growth in the Russian taxi market but the Yandex-Uber joint venture is required not to prevent its passengers, drivers and partners from working with other ride-hailing services, the FAS said in a statement.