Uber rival Lyft buys the biggest bike-sharing company in US
Uber rival Lyft has acquired Motivate, the largest bike-sharing company in the US for a reported sum of $250 million. As part of the deal, Lyft will acquire Motivate's technology and functions, including its contracts with Citi Bike and Ford's GoBike, rebadging it as Lyft Bikes. However, the Motivate's bike maintenance and servicing operations will remain a standalone business.