German Manager Magazin: Uber offers BMW and Daimler more than one billion euros for FreeNow000264

The American taxi and mobility service Uber is offering well over a billion euros for the FreeNow joint venture between the car manufacturers BMW and Daimler. Uber wants the partners according to information from manager magazin each pay a high three-digit million amount

. The decision to sell has not yet been made. Daimler boss Ola Källenius wants to sell the unprofitable joint venture, it is said. But BMW is still hesitating. BMW CEO Oliver Zipse sees the danger of clearing the way for the Americans on the European market.

Uber has so far not played a major role in Europe. A stake in Uber instead of a full sale would meet with little enthusiasm at Daimler or the Americans, according to the company.

FreeNow arranges taxis or rental cars with drivers for smartphone users. The platform is part of a larger mobility joint venture that Daimler and BMW founded in early 2019. The corporations have long been looking for ways to involve other car groups or major investors in the joint venture. In the meantime, potential buyers for another part of the joint venture have also reported, manager magazin reports. For the parking app ParkNow, interested parties would have offered a three-digit million amount, according to industry circles.

Go to source