global economy

Uber Tie-Up Sends Russia’s Yandex Shares Rocketing Higher

Uber announced a major partnership with Yandex Taxi to serve Russia, Azerbaijan, Belarus, Kazakhstan, Armenia and Georgia to create a combined company worth more than $3.7 billion.The new company will be valued at $3.725 billion, the companies said in a statement. Uber will invest $225 million in cash for a 36.6% stake, while Yandex (YNDX) will […]