Uber buys bike sharing startup Jump Bikes for $200 million
Uber on Monday announced it has acquired US-based dockless bike-sharing startup Jump Bikes for a reported amount of $200 million. As a part of the deal, Jump's team will join the cab-hailing company, however, the startup will carry on as an independent subsidiary. Founded in 2010, Jump Bikes allows users to hire bikes for $2 per 30 minutes.