“Yandex” will receive a small share of the global Uber

Moscow. July 14. INTERFAX.RU – “Yandex” under the terms of the agreement, Uber will get a small stake in the carrier, according to the website of the securities Commission of USA (SEC).

“Under the terms of the agreement, Yandex, gets minor stake in Uber. We have the right to sell these shares back to Uber at an agreed price in a certain period of time. On completion of the transaction, as we reported earlier, given the investments of both parties and possible adjustments 59.3% of the combined company will belong to “Yandex”, 36,6% – Uber, and 4.1% employees”, – told “Interfax” Director public relations “Yandex” Ochir Mandzhikov.

On the eve of “Yandex” and Uber announced the creation of the company, which will unite the services for online order of travel in Russia and some neighbouring countries. The business is estimated at $3,725 billion under the agreement, Uber and “Yandex” will invest, respectively, $225 million and $100 million in the new company. Control (59,3%) on new business will be “Yandex”. Run the company the General Director “Yandex.Taxi” Tigran Khudaverdyan.

“Yandex” and Uber is expected that the transaction will be closed in the fourth quarter. It has been approved by the boards of Directors of Uber and “Yandex”.