Uber Technologies Inc.’s US$3.8 billion merger with Yandex.Taxi in Russia and CIS

Herbert Smith Freehills has advised Uber Technologies Inc. (Uber) on the combination of its ridesharing business in Russia and neighbouring Commonwealth of Independent States (CIS) countries with Yandex.Taxi.

Uber now owns 36.9% of the combined business and its stake is valued at US$1.4 billion.

Herbert Smith Freehills has advised Uber Technologies Inc. on the deal with a Corporate team led by partner Tomasz Wozniak (picture) and key associates Yulia Zaytseva and Lauren Faba in London. Competition partners André Pretorius and Kyriakos Fountoukakos and the team consisting of Lisa Geary, Holly Boyd-Boland, Dylan McIntyre and Clémence Barraud in London and Brussels led the complex merger control workstream in Russia and other CIS jurisdictions.

Russian Corporate and Tax partner Oleg Konnov, associate Bogdana Shtoma and trainee Emil Shagiakhmetov assisted with the restructuring of the Uber business into the new company. The deal team was also assisted by IP and Technology Of Counsel Aaron White and associates James Balfour and Ruaridh Goodfield and Disputes partner Jeremy Garson and senior associates Gareth Keillor and Kevin Kilgour.

The firm advised alongside Uber’s US counsel, Cooley.

Morgan Lewis advied Yandex on the deal with a team led by partner Tim Corbett and includes Dina Kzylkhodjaeva, Anastasia Dergacheva, Valentina Semenikhina, Ksenia Andreeva, Anastasia Kiseleva, Ekaterina Khitrova, Robert Hutton, Angus Young, Sonia Namutebi, Omar Shah, Leonidas Theodosiou, Rahul Kapoor, Cindy Dole, Shokoh Yaghoubi, Richard Zarin, Katerina Heal, Paul Beausang, Dmitry Dmitriev, Oleg Egorov, Marat Mukhamediyev, Rodion Vizavitsky, and Jack Shawdon.


Involved fees earner: Tomasz Wozniak – Herbert Smith Freehills; Yulia Zaytseva – Herbert Smith Freehills; Lauren Faba – Herbert Smith Freehills; Bogdana Shtoma – Herbert Smith Freehills; Emil Shagiakhmetov – Herbert Smith Freehills; Oleg Konnov – Herbert Smith Freehills; André Pretorius – Herbert Smith Freehills; Kyriakos Fountoukakos – Herbert Smith Freehills; Lisa Geary – Herbert Smith Freehills; Holly Boyd-Boland – Herbert Smith Freehills; Dylan McIntyre – Herbert Smith Freehills; Clémence Barraud – Herbert Smith Freehills; Aaron White – Herbert Smith Freehills; James Balfour – Herbert Smith Freehills; Ruaridh Goodfield – Herbert Smith Freehills; Jeremy Garson – Herbert Smith Freehills; Gareth Keillor – Herbert Smith Freehills; Kevin Kilgour – Herbert Smith Freehills; Timothy Corbett – Morgan Lewis; Dina Kzylkhodjaeva – Morgan Lewis; Valentina Semenikhina – Morgan Lewis; Anastasia Dergacheva – Morgan Lewis; Anastasia Kiseleva – Morgan Lewis; Ekaterina Abashina – Morgan Lewis; Robert Hutton – Morgan Lewis; Angus Young – Morgan Lewis; Sonia Namutebi – Morgan Lewis; Oleg Egorov – Morgan Lewis; Marat Mukhamediyev – Morgan Lewis; Rahul Kapoor – Morgan Lewis; Cindy Dole – Morgan Lewis; Shokoh Yaghoubi – Morgan Lewis; Ksenia Andreeva – Morgan Lewis; Omar Shah – Morgan Lewis; Leonidas Theodosiou – Morgan Lewis; Paul Beausang – Morgan Lewis; Katerina Heal – Morgan Lewis; Richard Zarin – Morgan Lewis; Dmitry Dmitriev – Morgan Lewis; Rodion Vizavitsky – Morgan Lewis;

Law Firms: Herbert Smith Freehills; Morgan Lewis;

Clients: Yandex; Uber Technologies, Inc.;