Getaround Inc soars on acquiring peer HyreCar's assets
11/05/2023 23:34
** Online car rental service platform Getaround Inc's
GETR.N shares more than double to $0.89 after market
** Company acquires all of the assets of carsharing
marketplace HyreCar HYREQ.PK for $9.45 mln
** Deal expected to add up to $75 mln in annualized gross
booking value and to contribute positively to adj core earnings,
Getaround says
** Getaround shares down 49% YTD
(Reporting by Aditya Samal)
((Aditya.Samal@thomsonreuters.com))
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