<ul><li>Lyft is set to acquire European mobility platform FreeNow for $197 million in cash.</li><li>FreeNow, previously owned by the BMW Group and Mercedes-Benz Mobility, covers nine European countries and over 150 cities.</li><li>The acquisition will expand Lyft's total addressable market and increase gross bookings by approximately $1.14 billion.</li><li>The deal is expected to close in the second half of this year, subject to customary closing conditions.</li></ul>

Lyft to acquire European mobility platform FreeNow for $197M

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