LONDON — Transportation authorities in London announced on Monday that they will not extend Uber’s taxi operating license, which is set to expire at 11:59 p.m. on Monday, throwing into question whether the ride share company will continue to operate in its most lucrative European market.

The ride sharing app has been in a battle to retain its license in London for years, but the company’s operating style and business model has long been a point of contention for city officials and has put Uber at odds with regulators and drivers of the city’s traditional black cabs.

The decision will not immediately impact…

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