Uber could be about to hijack Lyft's planned acquisition of bike-sharing company Motivate by submitting its own counter-offer. The ride-hailing giant has been in talks with the San Francisco-based bike share company, which is owned by Motivate, for several months. Both Uber and Lyft have reportedly applied for licenses to run electric scooters in San Francisco; scooters were recently pulled from the city's streets pending a licensing process, in part because they've proven a nuisance for many. Uber recently bought Jump, which operates a dockless bike-sharing scheme in San Francisco, and has applied for a licence to run electric scooters in the city, as has Lyft.
Uber could be about to hijack Lyft's planned acquisition of bike-sharing company Motivate by submitting its own counter-offer. The ride-hailing giant has been in talks with the San Francisco-based bike share company, which is owned by Motivate, for several months. Uber recently bought Jump, which operates a dockless bike-sharing scheme in San Francisco, and has applied for a licence to run electric scooters in the city, as has Lyft.