Daimler's Mytaxi, British Rival Hailo To Merge

BERLIN (AP) — Daimler's mytaxi and British rival Hailo are merging to form Europe's biggest app-based cab ordering service. German automaker Daimler has invested about €500 million ($550 million) in mytaxi over the past years and is expected to pump more money into the business in a bid to fend off competition from the likes of Uber.

Topics:  berlin ap     daimler   british   hailo   europe   german   uber   daimler   million   
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