Investor Alert

Sept. 29, 2020, 5:57 a.m. EDT

Uber may buy ride-hailing app from Daimler and BMW: report

Uber Technologies (NYS:UBER) is considering buying the ride-hailing app Free Now to boost its presence in Europe and Latin America, Bloomberg News reported , citing people familiar with the matter. Free Now is a venture of Daimler (FRA:DE:DAI) and BMW (FRA:DE:BMW) . The venture's efforts to attract more investors recently struggled to gain traction amid the coronavirus pandemic, the report said.

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