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MOSCOW (Reuters) – Russian internet giant Yandex said on Tuesday it would buy Uber’s stakes in their joint foodtech, delivery and self-driving businesses, and increase its stake in a mobility-focused joint venture as part of a $1 billion deal.

The company added it had received a call option to purchase Uber’s remaining stake in mobility businesses for up to $2 billion.

(Reporting by Gleb Stolyarov; Writing by Gabrielle Tétrault-Farber; Editing by Mark Potter)



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