The Federal Antimonopoly Service of Russia has approved the merger of Uber and Yandex Taxi after a review of the transaction, subject to conditions.
Both Uber and Yandex Taxi operate smartphone applications (or “aggregators”) that “match” riders with drivers looking to provide transportation services. Given the two-sided nature of the industry, the key question was the level of competitive constraints on both the rider and driver- side of the market and the potential for the transaction to generate synergies (e.g. in terms of reduced arrival times or increased driver utilisation) due to increased network density.
For more details, please see the FAS press release here.