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Re:Uber Cedes Russia to Yandex with $3.7B Merger Agreement by Tinyyy on Thursday July 13, 2017 @11:31AM (#14762118)
Can anyone tell me what would happen to Uber's stake in the joint company if Uber fails? Is it auctioned off to cover its debts?
Re:Uber Cedes Russia to Yandex with $3.7B Merger Agreement by JumpCrisscross on Thursday July 13, 2017 @11:54AM (#14762337)
If by "fails" you mean goes into liquidation then, essentially, yes. Uber's JV stakes, like its other assets, would be used to make creditors while (under the supervision of a bankruptcy judge).