Rental bikes removed from Seattle during Lime-Jump merger
SEATTLE (AP) — A San Francisco-based transportation company has prepared to redeploy rentable bikes in Seattle after it took over a rival bike renting company in a merger.
The announcement came after Uber, which owned Jump, led a $170 million investment in Lime, resulting in Lime acquiring Jump's operations, The Seattle Times reported.
Jump previously had red-colored rentable bikes throughout the city, but Lime temporarily removed them for maintenance and system changes after the acquisition, Lime spokesperson Jonathan Hopkins said.
The Jump bikes are expected to return with new branding under Lime and be available in both the Uber and Lime applications.
https://www.msn.com/en-us/money/companies/rental-bikes-removed-from-seattle-during-lime-jump-merger/ar-BB14CoSA?ocid=hplocalnews
