News Summary

Lyft has announced its acquisition of the European taxi app FreeNow for approximately €175 million ($198.40 million) from BMW and Mercedes-Benz. This strategic move marks Lyft’s entry into the European ride-hailing market, expanding its global footprint. The deal, valued at around $200 million, is expected to close in the second half of 2025, further establishing Lyft’s presence in the international mobility sector.