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.
Uber could be about to hijack Lyft's planned acquisition of bike-sharing company Motivate by submitting its own counter-offer. Motivate was thought to have agreed a deal of more than $250m with Lyft, but reports have suggested Uber could now be seeking to buy the company, which runs cycle hire schemes in cities including New York, Chicago, San Francisco, Boston and Washington, DC. 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.