Uber weighs purchase of BMW-Daimler ride-hailing venture

The Business Times | Sep 29, 2020 at 2:00 AM
  • Uber Technologies Inc is considering a purchase of Daimler AG and BMW AG’s ride-hailing joint venture Free Now, a deal that could boost its market share in Europe and Latin America.
  • Daimler valued the equity investment in its half of the Your Now venture at 618 million euros (S$990 million) at the end of June.
  • Transport regulations vary significantly across regions and were making it difficult to scale up operations before the Covid-19 pandemic hit the sector hard.