Lyft forays into bike-sharing with Motivate acquisition

Lyft forays into bike-sharing with Motivate acquisition

A cyclist rides a Citi Bike in the East Village neighborhood of New York. Photographer: Mark Kauzlarich/Bloomberg

Ride-hailing company Lyft Inc. said it’s purchasing Motivate, the operator of Citi Bike in New York City and other bike-rental programs in major U.S. cities.

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