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Daimler's Mytaxi To Merge With Hailo To Take On Uber


Ron Burgundy
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An illustration picture shows the logo of car-sharing service app Uber on a smartphone next to the picture of an official German taxi signDaimler's mytaxi said it will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business. Unlike U.S.-based ride hailing start-up Uber [uBER.UL], which established itself to compete against taxi companies, the new company will operate using taxi firms. It is the latest push by traditional carmakers to enter the taxi ride hailing services market dominated by Uber and other technology companies.




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