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Lyft completes its €175M acquisition of European taxi app Freenow from BMW Group and Mercedes-Benz Mobility, its first global expansion beyond the US and Canada (@natlungfy / Bloomberg) https://t.co/lfYVrY4DHR https://t.co/jkWMRrhLxp https://t.co/ZOzeer2dpR
$LYFT READY TO EXPAND INTO EUROPE WITH FREENOW ACQUISITION Lyft has completed its €175M ($200M) acquisition of Freenow, gaining entry into nine European markets including Germany, Spain, and the UK. The rideshare company will link its app with Freenow’s starting this week, https://t.co/AnP7fU1iaZ
Lyft has gained the necessary regulatory clearance to complete its acquisition of European taxi app Freenow, setting the stage for the US rideshare company to expand its operations into Europe https://t.co/OVkD1M1lbo
Lyft has expanded its rideshare service to Puerto Rico as part of its broader strategy to grow across North America and into Europe. The company began recruiting drivers in San Juan in May, offering $100 bonuses for completing 50 rides within the first month. Lyft's executive vice president, Jeremy Bird, indicated the company is evaluating further expansion in Latin America, focusing on markets where it can enhance user experience. Additionally, Lyft has completed its €175 million ($200 million) acquisition of the European taxi app FreeNow from BMW Group and Mercedes-Benz Mobility. This acquisition provides Lyft entry into nine European markets, including Germany, Spain, and the UK. Lyft plans to integrate its app with FreeNow's platform starting this week, marking its first global expansion beyond the US and Canada.
