Mercedes-Benz maker Daimler gets deeper into ride-sharing

September 04, 2014

Automotive giant Daimler has acquired two ride-sharing companies that could help the German company become a stronger competitor to Uber and Lyft. Daimler, which owns the Mercedes-Benz and Smart car brands, has acquired RideScout, an app for finding ride-shares and other transport options in U.S. cities, and Intelligent Apps, a German company which makes the mytaxi app for ordering taxis in the U.S. and Europe. Terms of the acquisitions weren’t disclosed, though the Wall Street Journal put the value of both at less than $100 million. Daimler made the acquisitions through a subsidiary called Moovel.To read this article in full or to leave a comment, please click here

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