Yandex has agreed to a $1bn deal to wholly acquire the self-driving technology spinoff, jointly formed with Uber, and three other businesses.
Internet company Yandex has acquired on-demand ride provider Uber’s stake in Russia-based autonomous technology developer Yandex Self Driving Group (SDG) as well as indirect interest in other affiliated entities, TechCrunch reported yesterday.
Yandex has paid $1bn in total for the stakes, ensuring 100% ownership of SDG in addition to food delivery platform Yandex.Eats, last-mile delivery service Yandex.Delivery and grocery store delivery service Yandex.Lavka.
SDG is a developer of autonomous driving technology and had initially spun off from MLU, a food…
