Uber Technologies Inc. is combining its Russian operations with Yandex.Taxi, the most popular ride-hailing service in the country, a rare retreat that shows the beleaguered San Francisco company’s willingness to withdraw from costly battles abroad. The two companies said Thursday they will form a new joint venture that will be run by Yandex.Taxi’s chief executive and majority-owned by its parent company, Yandex NV. The Russian online...

Source: Wall Street Journal July 13, 2017 09:56 UTC