LYFT to buy the Taxi Free app for $ 200 million to expand in Europe

We have a horseback company Lift On Wednesday, it announced that it is buying European taxi application for free now in a 175 million euros deal ($ 199 million).

The company said that the acquisition – the first in Europe – is expected to be closed in the second half of 2025, and that, as soon as the two companies combined, the two companies will serve more than 50 million common annual users.

Founded in 2009, the name Mytaxi, Free Now is a ride platform in Hamburg, Germany. The company has been jointly owned by German car giants BMW and Mercedes-Benz since 2019.

The application is available in more than 150 cities in nine countries, including Ireland, the United Kingdom, Germany and France. Besides traditional taxi and riding services, free Now provides other mobility options including cycling, E-MOPEDS and electronic bikes.

Positive startup on profits on the basis of profits before interest, debt and extinguishing, generating total totalitarianism in 2024, according to the company’s company’s laboratory newspaper.

Getting free now will give Lyft a way to expand in a very European riding market, as he will face his ilk UberBolt in Estonia and Gett Israel.

Uber is the closest in Lyft, Uber, a long start of the company, after it was first launched in the United Kingdom in 2012. This has been done since then through a series of organizational issues.

London transport organizers have tried to ban Ober twice on safety concerns. The company finally obtained a new license to continue working in the city in 2022.