Report: Uber Offering More Than $1 Billion for European Ridesharing Service Free Now

Eric Volkman, The Motley Fool
·2-min read
Report: Uber Offering More Than $1 Billion for European Ridesharing Service Free Now
Report: Uber Offering More Than $1 Billion for European Ridesharing Service Free Now

Uber Technologies (NYSE: UBER) is aiming to expand in Europe through a splashy acquisition, it seems. An article published Wednesday by Reuters cites a report in German business publication Manager Magazin saying that the ridesharing giant is offering over 1 billion euros ($1.2 billion) for Free Now. This is a ridesharing business jointly owned by European auto giants Daimler (OTC: DDAIF) and BMW (OTC: BAMXF).