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Lyft adds bikes to its transportation services with Motivate acquisition

FordGoBikes on stage at a Ford press conference held in Civic Center Plaza in San Francisco Sept. 9, 2016 to announce the launch of the FordGo Bikes program for San Francisco and Oakland
Lyft today announced it has acquired Motivate, one of the largest bike share companies in the United States. A portion of Motivate’s operations will change its name to Lyft Bikes. The financial terms of the deal were not disclosed, but is estimated to be worth $250 million. Motivate operates some of the most recognizable bike operations in th…Read More

from VentureBeat https://ift.tt/2KGXvin
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