Shares of “Yandex” jumped 25% on news of the deal with Uber and exceeded 2 thousand.

Shares of “Yandex” jumped 25% on news of the deal with Uber and exceeded 2 thousand.


MOSCOW, July 13. /TASS/. Shares of “Yandex” on the auction of the Moscow stock exchange rose by 25% compared with the previous closing of trading on the news about the merger of the business of online travel arrangements with the aggregator Uber, reaching the highest level in the history of trading in 2039,5 rubles per share. This is evidenced by the auction.

“Yandex” and Uber will create a new company to order a taxi in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. The new company will start delivery service UberEats food.

Uber will invest in joint venture of $225 million, “Yandex” – $100 million Total value of SP is estimated at $3,725 billion the closing of the transaction expected in the fourth quarter of 2017.

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