Yandex hits new year high on acquisition of Uber’s JV stake

MOSCOW, Sep 1 (PRIME) -- Internet company Yandex’s shares have beat their record of almost a year climbing by 0.4% to 5,637 rubles as of 10.12 a.m. on the Moscow Exchange on the news of a U.S.$1 billion acquisition of Uber’s stake in the companies’ joint businesses, PRIME reported on Wednesday.

Yandex’s American depositary receipts advanced by 5.16% on Tuesday to U.S. $76.90 on the Nasdaq.

(73.2781 rubles – U.S. $1)

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