Lyft rises on Europe entry plan with $200 million FreeNow acquisition
ReutersApr 16, 2025 11:57 AM
Shares of ride-hailing firm Lyft LYFT.O rise 2.4% to $11.2 premarket
LYFT is buying mobility platform FreeNow from German automotive giants BMW BMWG.DE and Mercedes-Benz MBGn.DE for 175 million euros ($198.40 million) to expand into the European ride-hailing market
Deal will nearly double the company's potential market and open doors to major European cities
Up to last close, stock down 15.6% YTD
($1 = 0.8821 euros)
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