bne_newspaper_June_28_2019

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21 bne Tech
June 28, 2019 www.intellinews.com
Russia's Yandex.Taxi reportedly plans IPO
Ben Aris in Berlin
Yandex.Taxi, the taxi ordering service of Russian internet giant Yandex, is likely to sell new shares in an IPO, Reuters said on June 25 citing the COO of Yandex Greg Abovsky.
In February 2018 Yandex.Taxi and Uber combined their businesses in Russia, Kazakhstan, Belarus, Azerbaijan, Armenia and Georgia, investing in the capital of the new company $225mn and $100mn
Online media major Rambler considers IPO bne IntelliNews
Russian online media major Rambler controlled by Alexander Mamut is considering holding an IPO, RBC business daily reported citing the head of the company Raphael Abramyan, who sees the company listed in two to three years.
In April Russia's largest bank Sberbank acquired 46.5% in Rambler Group and said it would invest in the media holding. Most recently the bank said that it will promote online cinema Okko in its branches, and will grant Rambler Group access
respectively, with the company valued at $3.8bn at the time.
A 59.3% stake in the joint venture belongs to Yandex, 36.9% belongs to Uber, and another 4.1% belongs to employees.
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to the acquiring and ID systems of its client base.
Online media assets are in focus in Russia as prior to the Sberbank/Rambler deal one of Russia's
"big four" operators Mobile TeleSystems (MTS) said it was considering the acquisition of "the Russian Netflix," online cinema provider ivi. Yandex reportedly will launch production of its
own video content.
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