Uber revealed the losses from the merger with Yandex

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www.vsyako.netPhoto: Ekaterina Chesnokova / RIA Novosti

American service on call taxi service Uber disclosed the amount of loss of a joint venture with “Yandex.Taxi” for 2018. She was 42 million dollars, says the prospect of the first public offering (IPO) of an American company.

Uber owns 38 percent in the joint venture (JV). It is noted that by 2021 the company has no right to sell his share without the consent of Yandex. In addition, until February 2025 Uber banned to compete with the joint venture with Yandex in Russia and the CIS.

Uber invested in the JV is $ 225 million, “Yandex” — 100 million. The new company is estimated at more than $ 3.8 billion. Merger of services was closed in February 2018.

For users still available both apps — as “Yandex.Taxi”, and Uber. However drivers services United platform that provides taxi drivers receive orders from two programs.

Video, photo All from Russia.

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