<ul><li>Uber sells its stake in Yandex.Taxi to Russian firm Yandex for $702.5 million, ending its involvement in Russia's ride-hailing market.</li><li>Yandex becomes the sole owner of the Yandex.Taxi joint venture, as Uber divests its stake in the taxi ordering and scooter rental service.</li><li>This marks the second time Uber has divested its stake in a joint venture with Yandex, after previously selling its stake in a foodtech venture with the Russian firm in 2021.</li></ul>

Uber sells stake in joint venture with Russia's Yandex for $703 mn

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