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Lyft Buys Bike Sharing Company Motivate, Parent of New York-Based CitiBike

Lyft Buys Bike Sharing Company Motivate, Parent of New York-Based CitiBike

Uber’s main U.S. rival Lyft is getting into the bike-sharing business, as it looks to expand its transportation options to bikes. Financial terms were not disclosed, but media reports previously suggested that Lyft would pay close to $250 million for Motivate’s bike-sharing business.

Jeremy Carlton2018-07-02 17:09 PT