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SF Yellow Cab Sold to Competitor for $810,000

Submitted by jhartgen@abi.org on

San Francisco’s largest cab company, Yellow Cab Co-Op, was sold to a rival cab company Friday for $810,000, the San Francisco Examiner reported today. The purchase by Big Dog City Corp., which runs CityWide Taxi, came after a heated bout of bidding with Cabtopia, a taxi operator from Minneapolis, Minn. “This was a good sale price for the company,” said Sam Singer, a spokesman-at-large working for Yellow Cab’s bankruptcy trustee, Randy Sugarman. Yellow Cab’s assets totaled $8 million, and its liabilities totaled $26 million, according to its bankruptcy filings, and CityWide will assume those assets. Yellow Cab first declared bankruptcy in January 2016.