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Uber Technologies weighs purchase of BMW-Daimler ride-hailing venture

Uber expressed interest in a potential acquisition of Free Now after the venture's efforts to attract additional investors struggled to gain traction

As much as 60 per cent of millennials are interested to work as gig workers. (Photo: Bloomberg)
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Uber has been looking to shed minority holdings in several ride-hailing operations recently, including portions of its stakes in China’s Didi Chuxing and the Southeast Asian ride-share company Grab

Bloomberg
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, people with knowledge of the matter said.
 
Uber expressed interest in a potential acquisition of Free Now after the venture’s efforts to attract additional investors struggled to gain traction amid the coronavirus pandemic, according to the people, who asked not to be identified because the information is private. Any deal could be complicated by the challenging market ride-hailing companies face, which could make it more difficult to agree

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