Вторник, 12 Декабря, 2017

Uber Changes Lanes with Yandex.Taxi Merger

A Yandex taxi in Kiev Ukraine. The company has signed a deal with Uber. Gleb Garanich  Reuters A Yandex taxi in Kiev Ukraine. The company has signed a deal with Uber. Gleb Garanich Reuters
Laurie Berry | 14 Июля, 2017, 18:37

"Yandex in the near term "is likely to keep subsidizing rides in order to grow its market penetration (the combined share of Y.Taxi and Uber was below 10% in 2016)".

The deal marks another pullback from Uber's breakneck global expansion, coming a year after its exit from China.

San Francisco-based Uber has agreed to invest $225 million while Yandex has agreed to invest $100 million into a new joint company in which Yandex will own 59.3 per cent, Uber hold 36.6 per cent and employees having a 4.1 per cent stake.

A statement by Yandex on Thursday said Uber and Yandex Taxi would combine into a new company in Russia, Azerbaijan, Armenia, Belarus and Kazakhstan.

Uber is spinning off its operations in Russian Federation to form a new company with local rival Yandex. But Yandex also relinquished a third of control to Uber.

Yandex shares rose 15 percent on the Moscow stock exchange on the news.

Читайте также: Game of Thrones Deaths Most Likely to Happen in Season 7

"Combining Yandex's local expertise in search, maps and navigation with our leading global experience in ridesharing will enable us to build the best local services and provide a credible alternative to auto ownership across the region", said Pierre-Dimitri Gore-Coty, head of Uber's business in Europe, the Middle East, and Africa, in a statement.

The joint venture is the latest sign of the challenges that Uber has faced expanding overseas, experts say, where it has engaged in costly price wars against entrenched local competitors. Uber does not now operate in Armenia or Georgia.

The unified business in Russian Federation and nearby markets also helps Uber become more sustainable, Gore-Coty said, by helping it cut losses as part of a global drive toward eventual profitability. The deal allowed Uber to keep its competitive foothold in China with its roughly 20 percent stake in Didi which Uber said has risen in value by $2 billion. Uber sold its Chinese business to far larger local rival Didi Chuxing a year ago in return for a 17.5 per cent stake in Didi which as a whole was then valued at $35 billion.

About it reported in a press-service of Uber. Founder and CEO of Gett, Dave Weiser, believes that merger of Yandex.Taxi and Uber businesses might lead to higher prices for online taxi services, he said on his Facebook page. And while each company will keep their brand, Yandex customers will be to able to use their app to summon Uber rides in countries where Yandex doesn't operate, and vice versa.

Uber has been rocked by a multitude of scandals, including a legal battle against Alphabet's self-driving unit Waymo over self-driving technology and sexism in the company, among many others. The driver apps of the two companies will be integrated into a single app for greater efficiency, the companies said.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2017 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Recommended

  • Iran FM criticizes USA  policy towards nuclear deal

    Iran FM criticizes USA policy towards nuclear deal

    The nuclear deal, officially known as the Joint Comprehensive Plan of Action (JCPOA), went into force in January 2016. On July 20, 2105 the UN Security Council adopted a resolution endorsing the nuclear deal.
    KNP lion killer won't be prosecuted

    KNP lion killer won't be prosecuted

    SANParks officials then made a decision to put down both the wounded lion and the other unharmed lion. Earlier same day, parks authorities said they had dispatched helicopters to aid in their search.
    Wells Fargo & Co (WFC) Shares Sold by Vigilant Capital Management LLC

    Wells Fargo & Co (WFC) Shares Sold by Vigilant Capital Management LLC

    The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website . The financial services provider reported $1.00 EPS for the quarter, topping the Zacks' consensus estimate of $0.97 by $0.03.
  • Sunderland complete double swoop for attacking duo Aiden McGeady and James Vaughan

    Sunderland complete double swoop for attacking duo Aiden McGeady and James Vaughan

    He spent six years in the first team at Parkhead before signing for Spartak Moscow for €11.5 million in 2010. Grayson told the club's official website: "Aiden's career speaks volumes ".
    The Quirky Teaser Of Saif Ali Khan's Film Kaalakaandi Is Out!

    The Quirky Teaser Of Saif Ali Khan's Film Kaalakaandi Is Out!

    The movie has been directed and written by debutant director Akshat Verma , who has previously written Delhi Belly . The teaser has left movie buffs anticipation and now, people are eagerly waiting for the film.
    Linfield set aside space for Celtic fans at Windsor Park

    Linfield set aside space for Celtic fans at Windsor Park

    The statement also said: "The safety and security of all Celtic supporters travelling and attending matches is of paramount importance to the club".
  • Nasa spot 75000-mile-wide HOLE on the sun

    Nasa spot 75000-mile-wide HOLE on the sun

    What's more, this huge gap on the sun's surface is emitting a jet of fast-moving particles spotted spewing out into space. Sunspots are abundant when solar activity is high, and these spots will not become plentiful again until at least 2020.
    High Court Quashes TN Govt. Order on Medical Admission

    High Court Quashes TN Govt. Order on Medical Admission

    The Directorate of Medical Education will soon come up with the Tamil Nadu NEET rank List 2017 with names of qualified aspirants. The "Reservation of state candidates " point was also mentioned in the broachers of various state govt medical colleges.
    Sensex, Nifty50 snap 4-day record-breaking spree; Infosys, TCS fall

    Sensex, Nifty50 snap 4-day record-breaking spree; Infosys, TCS fall

    The Sensex ended at 32,020.75 points - down 16.63 points or 16.63 per cent, from its previous close at 32,037.38 points. The TCS stock fell nearly 2 per cent on Friday on Q1 earnings which remained below street expectations.
  • Mário Rui passa dalla Roma al Napoli

    Mário Rui passa dalla Roma al Napoli

    Il difensore portoghese ha firmato in quinquennale da circa 1.5 milioni l'ano e il Napoli ha pagato nove milioni alla Roma . Sono in corso le visite mediche, dopodiché il calciatore partirà direttamente per Dimaro .
    Beyoncé shares the first photo of twins Rumi and Sir Carter

    Beyoncé shares the first photo of twins Rumi and Sir Carter

    Beyonce's mother appears to have confirmed the gender of her famous daughter's twins - a boy and a girl - in an Instagram post. Beyoncé shared a series of photos throughout her pregnancy, many who featured their 5-year-old daughter, Blue Ivy Carter .
    Nagaland Political Crisis: Acharya reiterates demand for Floor Test by July 15

    Nagaland Political Crisis: Acharya reiterates demand for Floor Test by July 15

    The revocation order which was part of the resolution was signed by the NPF Working President Apong Pongner. The Kaziranga resort is frequently used by Nagaland MLAs and political leaders during power struggles.

Citigroup Beats on Profit as Trading Revenue Falls Less Than Expected Citigroup Beats on Profit as Trading Revenue Falls Less Than Expected At Citigroup , total revenue rose 2 percent to $17.9 billion, surpassing the $17.4 billion average estimate of analysts. All of the other businesses in the division - bar the trading operations - posted higher revenues versus a year ago.

Senate Intelligence Committee list of interviewees expands amid Trump Jr. email controversy Senate Intelligence Committee list of interviewees expands amid Trump Jr. email controversy Dianne Feinstein told CNN Thursday she wanted Trump Jr.to go before the committee as early as next week. In response to the Magnitsky Act, Russia disallowed adoption of Russian children by USA citizens.

The US Puts More Pressure On China Over North Korea The US Puts More Pressure On China Over North Korea But coal imports slumped by 75%, suggesting Beijing is gradually choking off North Korea's biggest source of foreign currency. Goods exported to North Korea were largely items such as textile products not covered by sanctions, Mr.

Abercrombie & Fitch Company (NYSE:ANF) Stake Cut by American International Group Inc Abercrombie & Fitch Company (NYSE:ANF) Stake Cut by American International Group Inc TheStreet lowered Abercrombie & Fitch Company from a "c-" rating to a "d+" rating in a research report on Thursday, June 15th. Inside the closing six months period the stock's performance declined -25.85% while overall yearly performance lost -54.32%.

Vanguard chief Bill McNabb to step down Vanguard chief Bill McNabb to step down Under McNabb, Vanguard more than tripled in size as investors embraced the low-priced index funds for which it is best known. For the next six years, he was the head of the retail investor group and was appointed chief investment officer in 2013.

Kit Harington 'auditions' in Game of Thrones spoof screen test Kit Harington 'auditions' in Game of Thrones spoof screen test Recall that Season 2 ended with Sam coming face to face with an army of White Walkers. Will Daenerys and Jon Snow Meet on Game of Thrones Season 7? .

Morning Hot Watch List: Fiat Chrysler Automobiles NV (NYSE:FCAU) Morning Hot Watch List: Fiat Chrysler Automobiles NV (NYSE:FCAU) To help you determine whether Fiat Chrysler Automobiles N.V. (NYSE:FCAU) is undervalued the following values will help you decide. According to data from First Call, Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has a consensus recommendation of 2.30.

'Samsung presenteert Galaxy Note 8 op 23 augustus' 'Samsung presenteert Galaxy Note 8 op 23 augustus' Daarom leeft nu de gedachte dat we hier voor het eerst de Samsung Galaxy Note 8 te zien krijgen, via een officieel kanaal. Vermoedelijk wordt de phablet voorzien van een 6,3 inch OLED-scherm met een resolutie van 2960 bij 1440 pixels.

Sessions Pressed on Settlement with Company Linked to Trump Jr. Russian Lawyer Sessions Pressed on Settlement with Company Linked to Trump Jr. Russian Lawyer The government, the lawyer said, "made the further accommodation of allowing his Russian lawyer into the country to assist". Trump and Macron will be holding a joint news conference and will later have dinner together at the Eiffel Tower.

Srinivasan served notice for flouting Lodha reforms; reprieve for Anurag Thakur Srinivasan served notice for flouting Lodha reforms; reprieve for Anurag Thakur Srinivasan and Niranjan Shah have to reply to the notice when the BCCI case comes up for hearing next on July 24. Point nine mentioned former BCCI president Srinivasan and Shah, who have been kingpins of disruption.

Why JPMorgan Earnings Failed to Impress Investors Why JPMorgan Earnings Failed to Impress Investors At the end of May, Chief Financial Officer Marianne Lake had estimated expenses of less than $14.5 billion in the quarter. Finally, Tortoise Investment Management LLC raised its position in J P Morgan Chase & Co by 434.9% in the fourth quarter.

Linklaters suspends lawyer linked to insider trading Linklaters suspends lawyer linked to insider trading It also worked with Sibanye Gold Limited of South Africa, which announced its acquisition of Stillwater in December of past year . Following his arrest in Massachusetts, Yan was charged with securities fraud and wire fraud.

Sammy Sosa looks dramatically different, and the internet is going insane Sammy Sosa looks dramatically different, and the internet is going insane If you don't know, Sosa has been bleaching his skin for several years, but it's clear that he's taking it to the extreme. Unusual as Sosa's new look might seem, it can't be almost as odd as his one-time relationship with Donald Trump.

China trading more with North Korea but buying less coal China trading more with North Korea but buying less coal Diplomats told Reuters that Beijing has not been fully enforcing existing worldwide sanctions on its neighbour. But Beijing, as it has in the past, largely resisted Trump's demands.

Microsoft installs Skype in the BMW fifth series Microsoft installs Skype in the BMW fifth series According to Microsoft Corporation (NASDAQ: MSFT ), its Office 365 service has more than 100 million commercial monthly active users.