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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

Lyft is Close to Acquiring Bike Sharing Operator Motivate for $250 Million

Lyft is Close to Acquiring Bike Sharing Operator Motivate for $250 Million

The Information reports that Lyft, the number two ride-hailing company is reportedly close to a deal to buy Motivate, the operator of CitiBike. Sources quoted in the story suggest the acquisition price of $250 million.

Jeremy Carlton2018-06-01 13:41 PT

Uber Buys Dockless E-Bike Sharing Startup JUMP for Nearly $200 Million

Uber Buys Dockless E-Bike Sharing Startup JUMP for Nearly $200 Million

Renting a bike using a smartphone app is a growing mobility trend in cities worldwide and Uber wants a piece of the action. The ride-hailing company has purchased JUMP, a dockless e-bike service that allows users to unlock and rent the electric bikes using Uber’s smartphone app.

Eric Walz2018-04-09 12:10 PT