US tech giant Uber bought out in Russia by homegrown Yandex, handing over keys to self-driving cars & food delivery business ...News

Russia's largest technology company has announced it will buy a series of joint ventures from US ride-sharing and delivery services conglomerate Uber, handing over a billion dollars as part of the deal and sending shares soaring. In a statement issued on Tuesday, Moscow-based Yandex revealed that it would take full control of four separate businesses in which the two giants had previously both held stakes. In exchange for $1 billion in cash, Yandex will take a 100% stake in restaurant courier app Yandex.Eats, grocery delivery service Yandex.Lavka, and Yandex.Delivery. In addition, it will pick up Uber's share of Yandex Self-Driving Gr

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