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NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ: LYFT) (“Lyft” or the “Company”), today announced that it is filing a preliminary proxy statement in connection with its nomination of two highly qualified and independent candidates – Alan L. Bazaar and Daniel B. Silvers – for election to the Company's Board of Directors (the “Board”) at the 2025 Annual Meetin.
Lyft is buying mobility platform FreeNow from German automotive giants BMW and Mercedes-Benz for 175 million euros ($198.40 million) to expand into the European ride-hailing market, the U.S. company said on Wednesday.
Ride-hailing firm Lyft is buying European taxi app Free Now for $199 million. The acquisition — Lyft's first in Europe — is expected to close in the second half of 2025.
SAN FRANCISCO & HAMBURG, Germany--(BUSINESS WIRE)--Lyft, Inc. (Nasdaq: LYFT), a leading ride hailing marketplace, today announced it has entered into a definitive agreement to acquire FREENOW, a leading European multi-mobility app with a taxi offering at its core, from BMW Group and Mercedes-Benz Mobility for approximately €175 million or $197 million* in cash. FREENOW will continue operating as it does today, with its talented leadership team and employees in place to drive growth across 9 cou.
TORONTO--(BUSINESS WIRE)--StackAdapt (www.stackadapt.com), the leading multi-channel advertising platform, has partnered with Lyft Media to launch programmatic in-app advertising within the Lyft app. Through a strategic partnership with Kevel, the leading provider of API-based media ad serving technology, this collaboration grants StackAdapt clients access to Lyft's premium US in-app ad inventory, creating a unique opportunity for brands, agencies, and merchants to connect with millions of Lyft.
BofA Securities analyst Michael McGovern downgraded Lyft, Inc's LYFT rating to Underperform from Buy and cut the price forecast to $10.50 from $17.50 on Thursday.
Lyft's aspirations in the autonomous vehicle market are challenged by stiff competition, analysts say.
When it comes to ride-sharing in the U.S., there are only two choices for consumers and investors: Uber (UBER 0.24%) and Lyft (LYFT 2.99%).
Lyft (LYFT) closed the most recent trading day at $12.27, moving -1.76% from the previous trading session.
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