NasdaqGS:LYFTTransportation
Lyft’s London Black Cab Deal And What It Means For Valuation
Lyft (NasdaqGS:LYFT) has agreed to acquire Gett's UK business, a leading London black cab app.
The deal is set to roughly double Lyft's London ride volume once integrated.
The acquisition expands Lyft's presence in Europe and adds established enterprise relationships in the UK.
Lyft runs a ridehailing platform focused on personal and shared transportation, historically centred on the U.S. and Canada. By moving into London black cabs through Gett's UK business, the company is stepping...