DraftKings and FanDuel No Longer Merging | Crunch Report | Summary and Q&A

TL;DR

Uber is merging its ride-hailing business in Russia with Yandex Taxi, creating a separate joint venture valued at $3.72 billion.

Key Insights

• 👨‍💼 Uber is consolidating its ride-hailing business in Russia by merging with Yandex Taxi.
• 📔 The joint venture is valued at $3.72 billion and covers operations in multiple countries.
• 😚 The deal has been approved by both companies' boards and is expected to close later this year.

Transcript

draftkings and FanDuel are no longer merging uber and Yandex taxi are merging in Russia Amazon could be working on a premium version of echo and more it's Thursday July 13th and NIT is crunchy what is up TechCrunch land you ready for the news because I got it uber combined with a company once before in China and it's looking like it worked out and ... Read More

Questions & Answers

Q: What is the value of the joint venture between Uber and Yandex Taxi?

The joint venture between Uber and Yandex Taxi is valued at $3.72 billion.

Q: Which countries will be covered by the merger?

The merger will cover operations in Russia, Pakistan, Azerbaijan, Armenia, Belarus, and Georgia.

Q: When is the deal expected to close?

The deal is expected to close in the fourth quarter of this year.

Q: Has the merger been approved by both companies' boards?

Yes, the merger has been approved by the boards of both Uber and Yandex Taxi.

Summary & Key Takeaways

• Uber announced its merger with Yandex Taxi to combine their ride-hailing businesses in Russia and neighboring markets.

• The joint venture, valued at $3.72 billion, will cover operations in Russia, Pakistan, Azerbaijan, Armenia, Belarus, and Georgia.

• The deal is expected to close in Q4 of this year and has been approved by both companies' boards.