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Lyft Stock Rises on Acquisition News
LYFTLyft(LYFT) Schaeffers Investment Research·2025-04-16 13:05

LYFT Inc (NYSE:LYFT) stock was last seen 1.7% higher premarket, after announcing its first European acquisition -- a 199milliondealtopurchaseHamburg−basedride−hailingplatformFreeNowfromBMWandMercedes−Benz.Thedeal,expectedtocloseinthesecondhalfof2025,willexpandLyft’sreachtoover150citiesacrossninecountries,includingGermany,France,andtheU.K.Despitetheupbeatnews,LYFTisdown15.6199 million deal to purchase Hamburg-based ride-hailing platform FreeNow from BMW and Mercedes-Benz. The deal, expected to close in the second half of 2025, will expand Lyft’s reach to over 150 cities across nine countries, including Germany, France, and the U.K.Despite the upbeat news, LYFT is down 15.6% year-to-date and 39.4% over the last 12 months. It recently breached 10 on April 7 for ...