Yandex and Uber spin-off self-driving division - Roadshow

Yandex is basically the Google of Russia. Russian technology company Yandex has been working on self-driving vehicles since 2017. Similarly, it partnered with American firm Uber to form a ridesharing and food-delivery joint-venture. On Friday, the two companies announced they're spinning the autonomous-vehicle portion of the business off as a separate entity. Once the financial dust settles, the unimaginatively named Yandex Self Driving Group, or SDG, will be directly owned by both businesses, with Yandex holding about 73% of SDG and Uber around 19%.