Categories Consumer

Uber might acquire Bird or Lime

Uber Technologies is said to be considering an acquisition of either Bird or Lime, according to a report by The Information. Bird and Lime are prominent start-ups in the electric scooter space, and both have valuations of over $1 billion.

Although it was reported that the negotiations are in early stages and there is no guarantee of a deal materializing, there has been no confirmation from any of the parties involved. Meanwhile, the CEO of Bird reportedly indicated that the company was not for sale.

Leading automakers and ridesharing companies are moving into the mobility services market which is increasingly gaining importance. Bikes and scooters are becoming a major part of this market with rapid growth being witnessed in the scooter space. Ridesharing companies are looking at providing customers with multiple booking options. In other words, customers can either book a car, a scooter or a bike on the same platform.

Uber, which acquired Jump Bikes earlier this year and rolled out its own scooters in October, is seeing a slowdown in growth in the US. The cab services provider, which is planning for an IPO next year, has also been incurring losses which might be one of the reasons the firm is looking to expand its range of mobility offerings.

The acquisition of any of the two scooter start-ups will help Uber increase its supply of scooters and also expand into more markets. Uber’s competitor Lyft is on a similar path and is making efforts to expand in the area of bikes and scooters through acquisitions and other strategies.

 

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

MU Earnings Preview: Strong Q2 results in cards amid growing AI demand

Micron Technology, Inc. (NASDAQ: MU) is uniquely positioned to capitalize on the AI wave sweeping the tech industry, leveraging its high-bandwidth-memory products designed for massive data processing tasks. The company

What to look for when FedEx (FDX) reports Q3 2025 earnings results

Shares of FedEx Corp. (NYSE: FDX) stayed green on Friday. The stock has dropped 14% over the past three months. The package delivery company is scheduled to report its third

Docusign (DOCU) Earnings: 4Q25 Key Numbers

Docusign, Inc. (NASDAQ: DOCU) reported total revenue of $776.3 million for the fourth quarter of 2025, up 9% year-over-year. Net income was $83.5 million, or $0.39 per share, compared to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close