Lyft Plans to Buy Citi Bike
- 6 years ago
Lyft Plans to Buy
Citi Bike According to the news site The Information, the rideshare service plans to buy Motivate, the company that operates Citi Bike, for
$250 million. Motivate told CNET that is has 31,841 bikes operating across the United States as of March. Lyft and Motivate have declined to respond to requests for comments from reporters. The news comes months after Uber announced it purchased Jump, a dockless bike-share company.
Citi Bike According to the news site The Information, the rideshare service plans to buy Motivate, the company that operates Citi Bike, for
$250 million. Motivate told CNET that is has 31,841 bikes operating across the United States as of March. Lyft and Motivate have declined to respond to requests for comments from reporters. The news comes months after Uber announced it purchased Jump, a dockless bike-share company.