Uber sells stake in joint venture with Russia's Yandex for $703 mn

Uber sold its stake in taxi ordering and scooter rental joint venture Yandex.Taxi to Russian firm Yandex for $702.5 million, shuttering Uber's involvement in Russia. "As a result of the deal, Yandex will become the sole owner of the group," Yandex said in a statement. In 2021, Uber divested stake in a foodtech joint venture with Yandex.