Mergers and Acquisitions (M&A): Lyft (Nasdaq: LYFT) Acquires FREENOW
Lyft, Inc. has announced the acquisition of FREENOW. According to the company announcement Lyft, Inc. is a global mobility platform founded in 2012, driven by the purpose to serve and connect people through transportation. The company offers a wide range of services including rideshare, taxis, private hire vehicles, car sharing, bikes, and scooters. With the recent acquisition of FREENOW, Lyft has expanded its operations to 11 countries and nearly 1,000 cities, while its Lyft Urban Solutions supports bikesharing in 16 countries and over 86 cities. This acquisition significantly broadens Lyft’s addressable market to over 300 billion personal vehicle trips annually, solidifying its position as one of the top global multi-mobility apps.
To learn more about Lyft, Inc., visit https://www.lyft.com/
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Company Contact:
Lyft, Inc.
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855-865-9553
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