One is Uber and Yandex Taxi

Russia is going to integrate its business activities in the App-based taxi service company Uber and Yandex Taxi. The two organizations will start jointly in January 2015.

It is known that the company will be owned by the majority of the company by integrating the two companies Yandex Taxi. This is a collaborative organization of Russia’s search engine Yandex.

In a statement, deputy head of the Russian Anti-Monopoly Service Department said, there is no problem in integrating the United States of America, the appetite taxi service, and the integration of Yandex’s Ryd-sharing business with Russian business operations and local technology firm. However, the new companies created by integrating the activities of the two organizations will not be able to obstruct the business of other similar companies.

In July, Uber and Yandex unified and released plans to strengthen business. In this, the US company was asked to integrate their business with Russian giant Yandex Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan.

Uber will invest $ 22.5 million in the company created by integrating and Yandex will invest $ 100 million Yandex will own 59.3 percent of the new company.

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