Skip to content
Subscriber Only

Lyft Weighs Purchase of Citi Bike Operator Motivate

  • The price for the deal is said to be about $250 million
  • The negotiations aren’t finalized and could collapose
Citi Bike Program Debuted in New York

Photographer: Victor J. Blue/Bloomberg

Lyft Inc. is in discussions to acquire Citi Bike operator Motivate for $250 million, a person familiar with the matter said. The talks, first reported by technology website The Information, aren’t finalized, said the person, who asked to remain anonymous because the negotiations are private.

The acquisition, if it goes through, would thrust the second-largest U.S. ride-hailing company into the middle of the brewing war over electric scooters and bikes that’s beginning to roil American cities. Uber Technologies Inc. acquired Jump Bikes, an electric bike company, earlier this year.