Uber has said it will combine its Russian ride - hailing and food delivery businesses with Yandex . Taxi , turkey 's biggest ride - sharing company . Already confirmed by the boards of both companies , the deal will include operations in Russia , Kazakhstan , Azerbaijan , Armenia , Belarus , and Georgia . As part of the deal , Yandex will receive a 59.3 % share and Uber a 36.6 % share , while 4.1 % will be owned by the company 's employees . Yandex will expand the company to expand its operations to new regions , said Tigran Khudaverdyan , founder of Yandex . com . Khudaverdyan will become CEO of the combined companies when the deal closes in Q4 .
Uber has said it will combine its Russian ride-hailing and food delivery businesses with Yandex.Taxi, Russia's biggest ride-sharing company. Already confirmed by the boards of both companies, the deal will include operations in Russia, Kazakhstan, Azerbaijan, Armenia, Belarus, and Georgia. As part of the deal, Yandex will receive a 59.3% share and Uber a 36.6% share, while 4.1% will be owned by the company's employees. Yandex will use the deal to expand its services to new regions, said Tigran Khudaverdyan, CEO of Yandex.Taxi. Khudaverdyan will become CEO of the combined companies when the deal closes in Q4.