Russian tech company Yandex goes without Uber in food delivery and self-driving vehicles. Yandex, also known as the Russian Google, buys Uber in partnerships in those areas. That costs the Russian company 1 billion dollars, converted almost 850 million dollars. The two tech companies have been operating jointly in Russia and countries in the region since 2018. They did this in the areas of meal delivery, self-driving vehicles, car sharing and a taxi service. In the last two areas, Uber still active after the deal. According to the ANP, 71 percent of the joint company is now owned by Yandex, which also has an option to buy the last 29 percent for 1,8 billion to 2 billion dollars. Uber to take over.
For the Yandex taxi drivers, the merger with Uber was not a step forward. They complain that working conditions are now much worse, compensation schemes for canceled rides have been abolished and the payments per assignment are significantly less than with Uber.
Yandex is not only Russia's largest search engine. The company offers consumers more than 70 services, including a taxi exchange and a payment system. In 2018, Yandex merged with the American taxi service Uber. In practice, it was more of an acquisition.
Yandex founder Arkadi Volozj can't resist in 2017. During his search engine's 20th birthday party, he subtly points out that he was a year earlier than world market leader Google, officially launched in 1998.
