Uber contributes $ 225 million, and Yandex – $ 100 million
Uber contributes $ 225 million, and Yandex – $ 100 million

Uber contributes $ 225 million, and Yandex – $ 100 million

Uber contributes $ 225 million, and Yandex – $ 100 million Yandex Taxi The merger will concern the connection of business structures on an online travel order on the basis of the “roaming” principle. According to the assurance of Yandex.Taxi CEO Tigran Khudaverdyan, now Uber customers can, for example, order a Uber car in London using the Yandex application, and order a Yandex.Taxi service car in Paris from the Uber application. The main goal of combining companies is to increase the efficiency of use cars, taxi drivers’ working hours, the information base of both companies and creating the most comfortable service for the user, which can be compared both with public transport and with your personal car. their services will lead to the creation of a company with a large number of drivers connected to a single information base. In this case, both applications will remain available. The association will benefit both drivers who can receive orders from both platforms and passengers who have at their disposal a greater number of vehicles available for calling. In addition to working in roaming, combining customer bases, an agreement was reached between the companies on the joint use of the UberEATS service, with the aim which is food delivery. Optimization of the logistics of this service is ensured by integrating the accumulated experience of UberEATS and the innovative Yandex.Mart pedestrian routing methods. The companies announced the following investments in the future combined company: Uber contributes $ 225 million, and Yandex – $ 100 million. At the same time, Uber will have 36.6 percent of the shares, Yandex. Taxis ”- 59 percent, and 4.1 percent will be distributed among the employees of the new company. The CEO of the newly created company will be the current head of Yandex. Taxi \However, amid reports of the upcoming merger, Yandex shares soared to a historic maximum of almost 25 percent since the previous close of the Moscow Exchange and their value amounted to 2040 rubles. The FAS noted that they will carefully consider the submitted application for the merger of two large aggregators, what can serve as a monopolization of the market. For these purposes, comparative analyzes will be carried out on the number of clients, trips and other parameters. Meanwhile, the head of Yandex.Taxi calls these figures: the total legal taxi traffic in the Russian Federation is about 500 billion rubles per year, and the total cost of travel of the new company is estimated at 7.9 billion per month. Taking into account the illegal market segment, the share of the combined company can be no more than 5-6 percent of the total passenger transportation market in this market sector.

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