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I bought my parents Yandex a while ago. Forgot how I came across this stock. Earnings tomorrow before bell.
It is the largest technology company in Russia[8] and the largest search engine on the internet in Russian, with a market share of over 52%
They are partnered with Uber on some things and probably other companies too.
Yandex and Uber buy Russia’s largest taxi company
Ride-hailing joint venture significantly increases its market share with purchase of Vezyot
Yandex Taxi, the ride-sharing joint venture co-owned by Russian search giant Yandex and US tech group Uber, has agreed to buy Russia’s largest taxi company Vezyot, dramatically increasing its share of its largest market. The deal will see MLU, which integrates Yandex and Uber’s taxi and food services in Russia, buy Vezyot’s call centre and technology services in exchange for a 3.6 per cent share in the JV and up to $71.5m in cash. Yandex Taxi also said it would invest Rbs8bn ($127m) into Russia’s regions over the next three years.
It is the largest technology company in Russia[8] and the largest search engine on the internet in Russian, with a market share of over 52%
They are partnered with Uber on some things and probably other companies too.
Yandex and Uber buy Russia’s largest taxi company
Ride-hailing joint venture significantly increases its market share with purchase of Vezyot
Yandex Taxi, the ride-sharing joint venture co-owned by Russian search giant Yandex and US tech group Uber, has agreed to buy Russia’s largest taxi company Vezyot, dramatically increasing its share of its largest market. The deal will see MLU, which integrates Yandex and Uber’s taxi and food services in Russia, buy Vezyot’s call centre and technology services in exchange for a 3.6 per cent share in the JV and up to $71.5m in cash. Yandex Taxi also said it would invest Rbs8bn ($127m) into Russia’s regions over the next three years.
