ALRUD Law Firm is advising Uber on the sale of shares in Yandex.Eats, Yandex.Lavka, Yandex.Delivery, as well as in the Self-Driving Group businesses to Yandex. Partners of Uber and Yandex will continue to jointly develop services for ordering taxis, car sharing, and renting scooters, within the Yandex Taxi group of companies.
The total value of the transaction is amounted to US$1bn.
Uber will also sell Yandex a 4.5% stake in the joint venture. Yandex will increase its stake in it to 71%, including the shares reserved for the option program. In addition, Yandex will have the right within two years to buy out the remaining share of Uber, at a price fixed in the range of US$1.8–2bn .
The ALRUD team, which is working on the project under the leadership of Alexander Zharskiy (Partner and head of Corporate and M&A practice) and German Zakharov (Partner of Antitrust Practice), included representatives of Corporate practice, Sergey Khanaev, Senior Associate, Anna Grosheva and Alexander Shipilov, Senior Attorneys, Roman Vedernikov, Senior Associate of Antitrust practice, and Ilya Khodakov, Associate of Intellectual property Practice.