- EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass.
Emil Michael, Uber's former SVP of Business who left the company last month, was also involved in the deal.
The value of the combined company will reportedly be $3.4 billion.
Following a settlement with Google, Yandex expects 'market share gains on mobile (devices) in 2017 and beyond,' CEO Arkady Volozh said.
Though Google's agreement with Russia allows rival services to be pre-installed on Android phones, it looks as if Google's own services will remain pre-installed as well.