USM Holdings owned by Russia’s business magnate Alisher Usmanov and his partners is one of investors of the popular Uber taxi service, a source close to the company told TASS on Sunday.
The official representatives of USM and Uber in Russia have declined to comment on the reports.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at firstname.lastname@example.org.
Uber is an international transportation network company that develops mobile app for requesting trips with personal drivers. The company provides services in 360 cities in 64 countries of the world.
In Russia, the company began operations in 2013. In October 2015, Uber said it planned to launch services in all Russian million-strong cities this year. The value of the car-booking company is estimated at $62.5 billion, CNBC reported earlier this month citing sources.
USM Holdings Ltd. is an international company that has assets in metals and mining industry, telecommunications, the Internet and mass media. USM’s main shareholders are Alisher Usmanov, Vladimir Skoch and Farhad Moshiri. Usmanov has earlier invested in Apple, Facebook, Alibaba, JD.com and other high-technology companies.
READ MORE: Alisher Usmanov
Alisher Usmanov, one of the richest men in Russia, has provided a loan to the country’s football union so it can pay the manager of the national team, who has reportedly not received his salary for months. Usmanov More…
Russian oligarchs have lost an estimated $11 billion (£7.6bn) in just 10 trading days since the turn of the year as oil prices slip and the rouble weakens. The nation is home to some of the richest men More…
Russian athletes trounced their competition at this year’s Rhythmic Gymnastics Championship, held in Stuttgart, Germany from Sept. 9 to 13, with new stars Yana Kudryavtseva and Margarita Mamun continuing More…
Len Blavatnik, owner of Warner Music, is Britain’s richest man with a £13.17 billion fortune, according to The 2015 Sunday Times Rich List. A year ago Blavatnik was ranked fourth, with a fortune of More…