A joint taxi order service will be created. Yandex and Uber announce the decision to combine their taxi order services. The joint statement of the companies says that they plan to create a joint venture NewCo, whose value is estimated at almost $ 4 billion. So, Yandex plans to invest $ 100 million into the combined company, and Uber - $ 225 million. Services for ordering a taxi will be integrated not only in Russia, but also in Armenia, Azerbaijan, Georgia, Kazakhstan and Belarus. The deal has already been approved by the boards of directors of both companies, but so far it has not been agreed with the regulators. The parties expect that it will be closed in the fourth quarter of this year. After that, 59.3% of the new company will receive Yandex, 36.

6% - Uber, and the remaining 4.1% - employees. The companies promise that after the transaction will combine their technological platforms, but users will be able to access both their mobile applications after the deal - Yandex. Taxi and Uber - through which you can book a taxi. Earlier it was reported that Chinese Internet company Alibaba Group and Japanese concern SoftBank will finance a competitor Uber.

Original article: Yandex. Taxi and Uber announced the merger.