EQS-News: Yandex to acquire Uber's interest in the FoodTech, Delivery and Self-Driving Businesses; receives a call option to acquire Uber's remaining interest in Mobility businesses
Yandex to acquire Uber's interest in the FoodTech, Delivery and Self-Driving Businesses; receives a call option to acquire Uber's remaining interest in Mobility businesses
EquityStory.RS, LLC-News: Yandex N.V. / Key word(s): Acquisition/Acquisition Yandex to acquire Uber's interest in the FoodTech, Delivery and Self-Driving Businesses; receives a call option to acquire Uber's remaining interest in Mobility businesses The issuer is solely responsible for the content of this announcement. Yandex to acquire
Uber's interest in the FoodTech, Delivery and Self-Driving Businesses; receives a call option to acquire Uber's remaining interest in Mobility businesses
Yandex will own 100% of Yandex Eats, Lavka, Delivery and Self-Driving Group businesses
Yandex and employees will increase share in mobility-focused MLU to approximately 71% Yandex receives a call option to acquire Uber's remaining stake in MLU at an agreed price over a two-year period
The transaction has been approved by the Boards of Directors of Yandex and Uber. Shareholder approval is not required. The approval of Yandex's Class A shareholders may be required for the purchase of Uber's remaining interest in MLU pursuant to the call option. The transaction is not subject to antitrust or other regulatory approvals.
31.08.2021 MSK Dissemination of a Corporate News, transmitted by EquityStory.RS, LLC - a company of EQS Group AG. |
1229964 31.08.2021 MSK