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Daimler’s MyTaxi to merge with Hailo to take on Uber: sources
July 26, 2016 by admin · Leave a Comment
Daimler will deepen its European footprint in the ride-hailing business when its MyTaxi smartphone app unveils an all-share merger deal with U.K. rival Hailo as soon as Tuesday, three sources briefed on the matter told Reuters. It is the latest push by traditional carmakers to enter the taxi ride hailing services market dominated by technology companies like Uber [UBER.UL]. In similar deals earlier this year, Volkswagen took a $300 million stake in Gett and General Motors invested $500 million into Lyft.
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Daimler’s MyTaxi to merge with Hailo to take on Uber: sources