Shares of Uber rose 6.96% on Wall Street on Tuesday, as the ride-hailing company is close to reaching a deal to include San Francisco taxis on its app.
The news came after Uber last week announced a similar deal to offer taxi rides in New York City on its platform.
Over the weekend, Transport for London (TfL) granted Uber permission to continue operations in London for another 30 months.
Uber tweeted on Sunday that it was “delighted to announce that @TfL has awarded it a new 30 month license in London”.
He had previously been denied a license by TfL in November 2019. However, in September 2020, a judge upheld Uber’s appeal against the decision and granted him an additional 18-month license.
A TIF spokesperson told Business Insider that Uber has been “granted a London private hire vehicle operator license for a period of two and a half years.”
In February 2021, Uber lost a major legal battle over whether its UK drivers counted as workers and were entitled to minimum wage. It forced the company and its rivals to review their business models.
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