Uber’s Merger With Yandex, Russia’s Largest Tech Company, Has Been Approved

The Russian government has approved the merger of Uber and Yandex, the country’s largest technology company and most popular search engine. As a part of the deal, the San Francisco-based ride-hailing company will invest $225 million into the “Google of Russia,” while Yandex will take 59.3 % ownership of a jointly-held company through a $100 million investment, reports Reuters.

The merger marks Uber’s expansion into Russia and was approved by the country’s Federal Antimonopoly...

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