Rather than spending all their efforts competing, Uber and Russia’s top internet company, Yandex, have decided to join forces. Uber and Yandex will form a joint venture operating in 127 cities across Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan. Uber will contribute $225 million and own a 36.6 percent stake, Yandex will contribute $100 million …
NY Times – DealB%k
- Sign Up for DealBook December 3, 2024Make sense of the latest business and policy headlines with our daily newsletter.
- Will Elon Musk Ever Collect His Full Tesla Pay Package? December 3, 2024The electric vehicle maker vowed to appeal after a Delaware judge rejected the tech mogul’s massive compensation deal for a second time.
- Volkswagen Workers Go on Strike Across Germany December 2, 2024Workers at nine of the automaker’s German factories walked off their jobs for several hours, and warned they would escalate the action if their demands went unmet.