Lyft pulls an Uber and acquires Motivate, a bike-sharing company

Lyft says its new bike-share program will revolutionize urban transportation. The only problem? Uber kind of beat them to that particular revolution. In a Monday blog post, Lyft announced it had reached an agreement to acquire Motivate, a bike-sharing company that operates the Citi Bike program in New York and Ford GoBike in San Francisco.  “We’re excited to invest in bike-share to continue building the world’s best transportation for the future of our cities,” Lyft…

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Source – Mashable:
Lyft pulls an Uber and acquires Motivate, a bike-sharing company