Cabvision GIF July 2020.gif

Uber set to merge with Russian car service Yandex

26 Nov 2017



The under-fire minicab app Uber are set to merge with Russian car service Yandex in what is described as a done deal. 


Russian regulators has approved the merger between two of the ride hailing giants and is expected to complete in January 2018.


The deal means that Yandex will be the majority share holder (59.3%) and both apps will remain available to the public and drivers. However, competition in regards to subsidised fare offers are expected to be a thing of the past as the car service giants corner the local market.


The deal is seen as similar to that of the deal struck between Chinese counterparts Didi earlier this year. In the local markets where Uber struggle to get a foothold it is becoming common that they buy into a competitor to remain relevant and reduce spending.


Please reload

  • Facebook
  • Twitter
  • YouTube Social  Icon
  • Instagram Social Icon
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
ltda banner.JPG
Ethos Banner 516x175 HS.gif
Market footer GIF.gif
private hire cover from Utility Saving Expert
advert gif.GIF
RSS Feed

The views expressed in this publication are not necessarily those of the publishers.


All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2020.