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Uber can participate in an e-Scooter fee of bird or lime: Report

December 2, 2018 Business 0 Views The leading travel agency company may consider the acquisition of one of two leaders…

The leading travel agency company may consider the acquisition of one of two leaders in electric scooter rental, according to a new report from the Information. What the report said could be a “multibillion dollar deal”, Uber has reported discussions to buy either Bird or Lime

. The three-city report published Friday cited several individuals with knowledge of the conversation. The outlet reported that a possible acquisition of any company will come as Uber wants to “expand on to the fast-growing electric scooter market”. According to the information, there is a possibility that an agreement can be negotiated at the end of the year:

While Uber has not yet come up with a decision on which way to drive, the riding giant has recently come to the conclusion that an acquisition could helping to alleviate the delivery restrictions for scooters, a problem it has faced with the aim of expanding their own rent for two-wheeled vehicles, said the person. At the same time, Bird and Lime faces a continued collective pressure.

Uber already has a minority stake in Lime, according to the information, and the rideshare company introduced Lime rental through its app in the summer. Uber’s Head of New Mobility Rachel Holt said in a statement at that time that its “investment and partnership in Lime is another step towards our vision to be a single stop for all your transportation needs.”

Lime has had a rough go of it in recent months, with the company engaging in a public relationship with Segway over alleged flaming scooter batteries, issuing a global revocation over reports some of their scooters can break while using and losing a bid on San Francisco’s e-scooter pilot program.

Still, both companies are valuable operations. As the information noted, “Bird was valued at $ 2 billion in its previous round of collection, while Lime’s latest valuation was $ 1.1 billion.”

The information reported that Bird CEO Travis VanderZanden said by a spokesman that the company was “not for

A representative of Uber rejected Gizmodo’s request for comment.

[The Information]

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