Lyft to enter European market by acquiring German Freenow

BMW

NEW YORK U.S. ridesharing firm Lyft has said it had agreed to buy German taxi app Freenow, planting a flag in the European market. Lyft said it had signed a deal to acquire Freenow from its current owners, German carmakers BMW and Mercedes-Benz, for 175 million euros ($199 million). "Entering Europe is an important step in our growth journey," Lyft CEO David Risher said in a statement, hailing Freenow as the "perfect partner." The acquisition marked Lyft's "most significant expansion outside