Aug 6, 2020 - Economy
Uber to acquire U.K. taxi technology company Autocab

- Kia Kokalitcheva, author ofAxios Pro Rata

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.