French car-pool app Blablacar branching into bus lines

French car ride-sharing app Blablacar said on Monday it had offered to buy Ouibus, a bus operator owned by state rail firm SNCF, in the first major departure from its digital business model toward building a broader transport company. Blablacar did not disclose financial terms but said it had also raised 101 million euros ($114 million) in funding from investors including SNCF, which will become a shareholder.

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French car-pool app Blablacar branching into bus lines

French car ride-sharing app Blablacar said on Monday it had offered to buy Ouibus, a bus operator owned by state rail firm SNCF, in the first major departure from its digital business model toward building a broader transport company. Blablacar did not disclose financial terms but said it had also raised 101 million euros ($114 million) in funding from investors including SNCF, which will become a shareholder.

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