Lyft to acquire Freenow for $197M in cash

Lyft (LYFT) announced it has entered into a definitive agreement to acquire Freenow, a European multi-mobility app with a taxi offering at its core, from BMW Group and Mercedes-Benz Mobility for $197M in cash. Freenow will continue operating as it does, with its leadership team and employees in place. The transaction is expected to close in the second half of 2025, subject to customary closing conditions.