Synopsis
Uber is set to acquire German premium chauffeur service Blacklane. Sources suggest the deal is nearing completion. Blacklane, founded in 2011, operates globally and has major investors. The acquisition could significantly expand Uber's premium offerings. Details of the valuation are still emerging. This move signals a strategic expansion for the ride-hailing giant.The contract is close to being signed but the exact details are not yet known, added the magazine.
Major shareholders in Blacklane, which was founded in 2011 and operates in over 40 countries, include Mercedes-Benz and the family office of German billionaire businessman Carsten Maschmeyer, it reported.
Uber and Blacklane did not immediately respond to emailed requests for comment.
