Uber eyes ride-hailing business of $1.4 billion BMW-Daimler mobility venture

Uber is in talks with German automakers Daimler AG and BMW AG to acquire their ride-hailing joint venture FreeNow, as reported by Bloomberg. If this deal goes through, Uber can significantly improve its market share in Europe, as FreeNow operates in more than 100 European cities.

A FreeNow buyout would be another high-profile deal for Uber, following its agreement to acquire Middle East-based ride-hailing company Careem for $1.7 billion, finalized earlier this year.