An important step in global expansion! Lyft spent $197 million to acquire the European ride-hailing app Freenow

Lyft has agreed to acquire the European ride-hailing app Freenow for approximately €175 million (about $197 million), marking its first global expansion outside the United States and Canada. The transaction is expected to be completed in the second half of 2025, with Freenow continuing to operate in over 150 cities across 9 countries. This move will nearly double Lyft's potential market size, increasing the annual gross bookings by approximately €1 billion. Following the announcement, Lyft's stock price rose by 1.93%