💨 Abstract

Ride-hailing company Lyft has agreed to acquire FREENOW, a German multi-mobility app, from BMW and Mercedes-Benz Mobility for $197 million. The acquisition expands Lyft's operations to Europe for the first time, as it has previously operated only in the U.S. and Canada. FREENOW operates in nine countries and more than 150 cities.

Courtesy: techcrunch.com

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