Skip to content
Subscriber Only

Yandex to Expand UberEats in Russia With Local Acquisition

  • Uber, Yandex agreed to merge Russia, CIS taxi services in July
  • UberEats has lagged local rivals despite McDonald’s accord
Signs for the Yandex.Taxi online booking service sit on taxi cabs operated by the Nexi taxi service, a unit of ASAP Transportation Co., in a parking bay in Moscow, Russia.
Signs for the Yandex.Taxi online booking service sit on taxi cabs operated by the Nexi taxi service, a unit of ASAP Transportation Co., in a parking bay in Moscow, Russia.Photographer: Andrey Rudakov/Bloomberg
Updated on

Yandex NV, Russia’s largest search engine, bought local food-delivery firm Foodfox to expand its tie-up with Uber Technologies Inc. in the country, according to a statement Monday.

Uber agreed in July to merge its business in Russia and CIS with Yandex into a $3.7 billion joint venture to be controlled by the Russian company, as it battles across the globe with local car-sharing and food-delivery startups. The deal, approved by the Russian antitrust service and set to close in January, also included UberEats.