Russian competition watchdog gives green light to Yandex-Uber deal

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MOSCOW, Nov 24 – Russia’s anti-monopoly regulator
FAS said on Friday it had approved a deal to merge the Russian
ride-sharing businesses of Yandex and Uber,
with certain conditions.

In order to resolve competition concerns, the companies must
not bar their partners, drivers and passengers from working for
or using competitors’ services, FAS said in a statement.

Both companies should also fully inform users of the legal
entity providing the service, FAS added.

Uber and Yandex, often referred to as the “Google of
Russia”, announced the deal in July with Yandex as the leading
partner.

-(Reuters)