LONDON and MOSCOW, September 7, 2021: Morgan Lewis is advising Yandex on the restructuring of the ownership of its MLU and Self-Driving joint ventures with Uber, which will see Yandex own 100% of the Yandex.Eats, Yandex.Lavka, Yandex.Delivery and Self-Driving businesses, for consideration of $1.0 billion in cash. Yandex has also received an option to purchase Uber’s remaining stake in MLU over a two-year period for approximately $1.8 billion in cash.
Yandex is one of Europe's largest internet companies and a leading search and ride-hailing provider in Russia.
The cross-border Morgan Lewis team advising Yandex includes partners Tim Corbett, Ksenia Andreeva, and Anastasia Dergacheva, and associates Ben Davies, Abbey Brimson, and Leonidas Theodosiou.
For more, see Yandex’s announcement.