UBER ACQUIRES BIKE-SHARING STARTUP JUMP

April 9, 2018 The Unbiased Writer

Uber just acquired bike-sharing startup JUMP for an undisclosed amount of money. Sources close to the deal are saying the final price was close to $200 million, which exceeds the $100 million dollar deal JUMP was previously contemplating. JUMP’s decision to sell to Uber came down to the ability to realize the bike-share company’s vision at a large scale. The company is best known for operating dockless, pedal-assist bikes that can be legally locked to bike parking racks or the “furniture zone” of sidewalks.Click the link for more information: https://jumpbikes.com/

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