Wednesday, June 12, 2019

Bird Acquires Scoot

Santa Monica-based Bird announced on Wednesday that it has acquired Scoot, a San Francisco-based scooter service--giving Bird entry back into the San Francisco market, and also helping Bird scale out its operations. Financial details of the acquisition were not announced. According to Bird, Scoot will operate as a wholly owned subsidiary of the company, and also help Bird offer more vehicles featuring the latest technology advancements for the sharing market. The acquisition might be of most interest to Bird because of Scoot's approval to operate in San Francisco; Bird has not had a presence in the large, scooter rental market since losing its bid last year to be one of the approved scooter services in San Francisco.

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