Daimler’s Mytaxi Is Merging with Hailo to Take On Uber in Europe
Daimler’s Mytaxi said it will merge with British rival Hailo in an all-share deal, creating Europe’s largest smartphone-based taxi-hailing business. Unlike U.S.-based ride-hailing startup Uber, which established itself to compete against taxi companies, the new company will operate using taxi firms. “It’s a paper deal. Daimler will own 60% of the new entity and the stakeholders in Hailo will own
Read more