San Francisco Chronicle Business & Technology News - Spoken Edition

Uber acquires e-bike startup Jump


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Uber is acquiring Jump Bikes, the first company to provide stationless bike sharing in San Francisco, the companies said Monday. The price was not disclosed. TechCrunch reported that an unnamed source valued the deal at “closer to $200 million.” Jump’s CEO Ryan Rzepecki wrote in a blog post that his company will “play a significant part in the transition of Uber” to reach many forms of transportation, including biking.
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San Francisco Chronicle Business & Technology News - Spoken EditionBy San Francisco Chronicle