By Sam Boughedda
Investing.com -- Uber Technologies Inc (NYSE:UBER) is reportedly nearing a deal with a San Francisco company to add more taxis to its platform, the New York Times reported Tuesday.
The report cited people familiar with the matter as saying Uber is close to completing a deal with a San Francisco partner, Flywheel Technologies, to allow Uber passengers to call a taxi through the Uber app. The NYT also said it has seen a video presentation by the city’s transportation agency.
The potential deal follows a similar move from Uber last week that saw the company partner with New York City taxi companies. It marks a further move away from the company's previous stance that put it at loggerheads with traditional taxi firms.
It also adds to the positive news for Uber after it was granted a two-and-a-half-year license to operate private hire vehicles in London.
If the deal between Uber and Flywheel Technologies is approved, NYT said the partnership could begin as soon as May.
Uber shares are trading 5.85% higher Tuesday.