Bicycle Rental Company Being Purchased By Uber

posted by NewsRadio 920 -WHJJ -

(San Francisco, CA)  --  A bicycle rental company with plans to expand into Providence is being acquired by Uber.  "TechCrunch" reports Uber is spending about 200-million-dollars on the purchase of Jump, which operates in Washington, DC and also plans to expand into New York and Sacramento.  Jump users can rent electric, power-assisted bikes that automatically lock and can be left anywhere without a docking station.

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