MOSCOW (Reuters) – Russian tech giant Yandex said on Friday it had bought Uber’s stake in their joint taxi venture for $702.5 million.
“As a result of the deal, Yandex will become the sole owner of the group, which includes a taxi ordering service, carsharing and scooter rental,” Yandex said in a statement.
(Reporting by Reuters; Writing by Alexander Marrow; Editing by Mark Trevelyan)
