Aug 6, 2020 - Economy & Business

Uber to acquire U.K. taxi technology company Autocab

Photo: John Keeble/Getty Images

Uber has agreed to acquire U.K.-based taxi and private for-hire car technology company Autocab, the two said Thursday.

Why it matters: The acquisition should help Uber expand to U.K. markets where it doesn't currently operate by enabling its customers to book cars available through Autocab, though the latter will remain largely independent.

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