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Announced

Completed

Uber completed the acquisition of HKTaxi from Beyond Ventures.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Private

Commercial Vehicles and Parts

Friendly

taxi services

Single Bidder

Completed

Hong Kong

Venture Capital

Cross Border

Synopsis

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Uber, a provider of ride hailing services, completed the acquisition of HKTaxi, a developer of a taxi-hailing application for citizens of Hong Kong, from Beyond Ventures, a venture capital firm. Financial terms were not disclosed. “We are proud of our hard work in bringing innovation and better service to taxi drivers and riders across Hong Kong. Today’s deal allows us to continue that mission with even greater impact. Combining our local know-how and startup spirit with Uber’s global experience will build a better taxi industry for all drivers, riders and industry participants," Kay Lui, HKTaxi Co-founder.

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