Uber is reportedly holding talks to buy electric scooter firms Bird and Lime

Uber has reportedly been in talks regarding a multi-billion dollar acquisition of quickly growing electric scooter startups Lime and Bird.

The Information reported Uber’s inclination towards the buzzy scooter firms, while sources which are quite familiar with all of the three companies said to the Financial Times that the talks regarding acquisition are still at quite an early stage.

The Information said that a deal for either of the companies could actually help Uber alleviate constraints of scooter supply after the launch of its Jump brand of 2-wheeled vehicles in the month of October.

Lime and Bird are both unicorns – tech companies that are valued at more than $1 billion – and both have actually expanded internationally in 2018.

Uber has declined to make any statement when contacted by the FT, and even Lime did not make any comments directly about the talks. CEO of Bird told the FT in a statement: “Bird is not for sale.”

Uber has been exploring a number of acquisitions in 2018, acquiring the well known e-bike company Jump Bikes in the month of April, and attempting to acquire the popular British food delivery firm Deliveroo.

Source: Newshub.in

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Dave
As a full-time businessman and part time journalist, Dave heads at the post of editor at Crisp Live. He covers all the significant proceedings in the world of business and headlines from the US. He also takes care of the editing part of all the news pieces posted over the website to ensure everything aligns with the journalistic format.
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