Uber Said to Weigh Purchase of BMW-Daimler Ride-Hail Venture

The transcript discusses Uber's interest in acquiring Free Now, a ride-sharing service, amid pandemic challenges. It highlights Uber's struggles in Germany due to a strong taxi lobby and the complexities of the ride-sharing market. The financial implications of the potential sale, including the valuation of Daimler's portion, are also covered.

Why is Uber interested in acquiring 'Free Now'?

• To acquire new technology for autonomous vehicles

• To diversify into the food delivery business

• To enter the Asian market

• To increase its market share in Europe and Latin America

What is one of the main challenges Uber faces in Germany?

• Lack of drivers

• Strong taxi lobby

• High fuel prices

• Strict environmental regulations

What makes the ride-sharing market particularly difficult in Germany?

• Poor internet connectivity

• Lack of government support

• Resistance from the public and existing taxi services

• High competition from local startups

What is the estimated value of the Daimler portion of the business?

• Over 2 billion

• Less than a billion

• Exactly 1.5 billion

• Around 3 billion

Why might Daimler and BMW consider selling 'Free Now'?

• The business is too small and not profitable

• They are exiting the European market

• They are merging with another company

• They want to focus on electric vehicles