(Photo by Flickr user Shinya Suzuki, used under a Creative Commons license)
Unconfirmed deal alert: Lyft may soon purchase the borough’s Citi Bikes.
The ridesharing company is reportedly in negotiations to buy Motivate, which is the parent company that operates New York City’s bikeshare.
CNET has more details:
The Information reports that Lyft has agreed to purchase Motivate for as much as $250 million, though a deal reportedly hasn’t been finalized yet. Beyond Ford GoBike and Citi Bike, other Motivate-operated bike brands include Capital BikeShare, CoGo, Divvy, Blue Bikes and Biketown.
The competition between the ridesharing giants has moved to the two-wheeled realm in recent months. Uber acquired dockless bikeshare company JUMP in April. The company, which sold for a reported $100 million, is based in New Lab at the Brooklyn Navy Yard.-30-
Could HEVO be Brooklyn’s next unicorn?
Toothbrush startup quip acquires its way into the insurance game
Uber acquires Brooklyn bicycle company for reported $100 million
You can win up to $360,000 at the WeWork Creator Awards
Uber, we’re not your R&D lab. Get self-driving cars off the road now
NYC tech advocacy group urges full speed ahead on autonomous cars
MTA adds transparency with launch of a new performance dashboard
Explore how diverse teams build dynamic products with Dev Bootcamp
Sign-up for daily news updates from Technical.ly