other material
confidence high
sentiment neutral
materiality 0.65
Uber sells remaining 29% stake in Yandex joint venture for $702.5M cash
Uber Technologies, Inc
- Sold 29% equity interest in MLU B.V. to Yandex for $702.5 million in cash.
- Transaction completed on April 21, 2023, eliminating Uber's stake in MLU and Yandex affiliates.
- Uber now holds no equity interest in any Yandex-related entity.