Shares of Uber (NYSE: UBER) closed the week about 9% higher to stay above the important support in the short term. The ride-hailing firm is reportedly looking to acquire its rival Free Now for over €1 billion ($1.2 billion). Fundamental analysis: New targets identified Free Now is a ride-hailing taxi company, jointly owned by Daimler and BMW. Daimler is ready to strike an agreement with Uber while Oliver Zipse, the CEO of BMW, remained hesitant and is thinking about offering Uber a stake in the company, according to reports. If the deal happens, it would significantly reinforce Uber’s position in
Full ArticleShould you buy Uber stock in November?
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