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14 July 2017

Uber and Yandex Taxi join forces

The ride hailing services will merge operations in six European countries and jointly invest $325m in the new entity at a $3.73bn valuation.

Author: Robert Lavine, News Editor

US-based ride hailing service Uber agreed to yesterday invest $225m in a company that will merge its operations in Russia and some neighbouring countries with that of Russia-based internet company Yandex.