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Morgan Lewis and Alrud Advise on Uber USD 1 Billion Sale of Shares in JV Companies to Yandex

Morgan Lewis and Alrud Advise on Uber USD 1 Billion Sale of Shares in JV Companies to Yandex

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Morgan Lewis has advised Yandex on restructuring the ownership of its MLU and self-driving joint ventures with Uber and acquisition of all shares in the Yandex.Eats, Yandex.Lavka, Yandex.Delivery, and Self-Driving businesses for a cash consideration of USD 1.0 billion. Alrud advised Uber on the deal. Cooley and Herbert Smith Freehills reportedly also advised the seller. 

According to Morgan Lewis, Yandex has also received an option to purchase Uber’s remaining stake in MLU, over a two-year period, for approximately USD 1.8 billion in cash.

Yandex is a Russian technology company providing Internet-related products and services, including ride-hailing.

Morgan Lewis’s team included Partners Tim Corbett, Nick Moore, Ksenia Andreeva, Anastasia Dergacheva, and Omar Shah and Associates Ben Davies, Abbey Brimson, and Leonidas Theodosiou.

Alrud's team included Partners Alexander Zharskiy and German Zakharov, Senior Associates Sergey Khanaev and Roman Vedernikov, Senior Attorneys Anna Grosheva and Alexander Shipilov, and Associate Ilya Khodakov.

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