Bird Is Acquiring Scoot, Expanding Scooter Rental Network
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Bird Rides Inc., one of the largest startups that rents electric scooters through an app, said it will acquire its smaller rival, Scoot Networks Inc. The deal will add a small fleet of motor scooters and give Bird entree to San Francisco, where officials rejected the company’s application for a license to provide rentals on city sidewalks.
The companies did not disclose a price for the acquisition on Tuesday. Bird was most recently valued at about $2 billion by investors and Scoot at $72 million as of 2017, according to research firm PitchBook.