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Lyft to buy taxi app Free Now for $200 million to expand into Europe
LYFTLyft(LYFT) CNBC·2025-04-16 19:30

Lyft logo is seen in this illustration taken June 27, 2022.U.S. ride-hailing firm Lyft on Wednesday announced that it's buying European taxi app Free Now in a 175 million euro ($199 million) deal.The company said that the acquisition — Lyft's first in Europe — is expected to close in the second half of 2025, and that, once combined, the two companies will serve over 50 million combined annual users.Founded in 2009 as myTaxi, Free Now is a ride-hailing platform headquartered in Hamburg, Germany. The company ...