Russia’s largest internet search engine Yandex has clarified the timing of the proposed merger of Yandex.Taxi and the Uber ride-sharing businesses in Russia and neighboring countries.

Yandex.Taxi-Uber merger to be completed in first half of February

January 31, 11:30UTC+3

The parties are currently finalizing preparations for closing, Yandex said

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MOSCOW, January 31. /TASS/. Russia’s largest internet search engine Yandex has clarified the timing of the proposed merger of Yandex.Taxi and the Uber ride-sharing businesses in Russia and neighboring countries.

«The parties are currently finalizing preparations for closing, and now anticipate that the combination will complete in the first half of February 2018,» the company said in a statement on Wednesday.

Previously the plan was to close the transaction in January 2018.

All required approvals were obtained from regulators in end-2017.

More:
http://tass.com/economy/987809

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