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Uber, the American technology giant is selling shares in several joint ventures. The shares being sold are the ones related to Russia’s Yandex and are valued at $1 billion in cash.

On Tuesday, the company announced the deal in which Moscow-headquartered Yandex buys out Uber consequently gaining full control over the food delivery service Yandex. Eats, as well as the grocery delivery service Yandex.Lavka and the logistics firm Yandex.Delivery. Uber currently has a 33.5% stake in each of the companies.

Yandex’s search engine is more used in Russian than the search engine giant Google. Furthermore, it is said that the company will also take control of the Yandex Self-Driving Group of which Uber owns 18.2% as of this writing.

“Since we started our partnership with Uber in 2018, we’ve been able to create and rapidly develop a number of successful businesses — all of them are highly synergetic to our e-commerce initiative and the entire Yandex ecosystem,” said Tigran Khudaverdyan, deputy CEO of Yandex, in a statement.

“The consolidation of these businesses puts us in a great position to further increase strategic management flexibility, while creating new substantial growth potential for our businesses and cross-platform consumer benefits over the years to come, allowing us to unlock new sources of value for our shareholders.”

According to the same announcement, Yandex gets another 4.5% in MLU. Since the Covid-19 pandemic had hit the world, delivery businesses have seen a huge increase in earnings as lockdowns forced people to order from home avoiding any physical stores.

Meanwhile, Yandex has had $3 billion at the end of the 2nd quarter. The company is expanding its online streaming and shopping businesses. The Russian giant also bought a small bank earlier this year as a part of its efforts to expand its financial services.