Re: Citi Bike

Posted by jerseymom on 2018/6/2 10:44:16
6/1/18 - NY Post:

Lyft plans to purchase the company that operates Citi Bike, a new report says.

The ride-share app is moving to purchase Motivate, which runs Citi Bike and other bike-share programs in several cities. Including New York City, it also operates in Boston, Washington, DC, and Chicago, according to the tech site The Information.

The purchase would be worth at least $250 million, the site reported.

Lyft officials declined to comment on the pending purchase and would not say how the move will affect New York City operations. Motivate did not return a phone call.

Lyft isn’t the first ride-share company to get into the bike game. Uber purchased Brooklyn-based dockless bike-share company Jump in April.

More

FWIW - Lyft is the sponsor of Hudson Bike Share - serving other parts of Hudson County. Maybe this deal will (sensibly) bring the area's bike share programs together.

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