Lyft closes on acquisition of Capital Bikeshare parent

Posted online December 3, 2018 | 7:24 am

Ride-hailing company Lyft closed on the purchase of Motivate, the parent company of Capital Bikeshare.

According to the Washington Business Journal, Capital Bikeshare is the largest bike-share program operator in the United States.

Terms were not disclosed, though earlier media reports put the price at up to $250 million.

Read more from the Washington Business Journal.

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