Lyft Completes Its $197 Million Acquisition of Europe's Freenow

US taxi app Lyft completes acquisition of Freenow for around €175m

Lyft said the acquisition will bring ‘more consistent pricing and faster matches’ to Irish users.

Lyft completes its $197 million acquisition of Europe's Freenow

Lyft has received the required regulatory clearance to finalize its acquisition of the European app-based taxi company Freenow. First announced back in April, Lyft’s approximately $197 million agreement with BMW and Mercedes-Benz allows the company to expand outside of North America for the first time. Freenow’s service will continue to operate as normal, but Bloomberg reports that users will be prompted to download the Lyft app when travelling …

Lyft Acquires FreeNow for $197M, Enters Europe to Rival Uber

In a significant push to broaden its international footprint, Lyft Inc. has finalized its acquisition of FreeNow, the European ride-hailing app jointly owned by BMW and Mercedes-Benz, for approximately $197 million. The deal, which received regulatory approval earlier this week, marks Lyft’s inaugural foray into the European market, extending its operations beyond North America into nine countries including Germany, the United Kingdom, and Spain…

Lyft completes acquisition of FREENOW doubling global reach

Lyft has finalised its acquisition of FREENOW, combining two major mobility platforms under one international brand. The move effectively doubles Lyft’s potential market, expanding access to more than 300 billion personal vehicle trips annually. The integration opens the door for wider coverage across North America and Europe. Since the start of 2024, users have opened the Lyft app 4.6 million times in FREENOW markets, while the FREENOW app has …