Uber’s first acquisition under CEO Dara Khosrowshahi is of Jump Bikes, a startup that rents out shared electric dockless bikes in San Francisco and Washington DC. “The deal comes two months after Uber partnered with Jump in San Francisco to make bike rentals available through the Uber app,” reports Quartz. From the report: TechCrunch reports that the deal was valued at close to $200 million. Jump, which launched in 2008 as Social Bicycles, had raised about $15 million in funding. In January the company became the first in San Francisco to receive a permit for a dockless e-bike program. Jump’s team will stay “independent and focused on growth vs. integration,” with CEO Ryan Rzepecki reporting directly to Khosrowshahi, Uber’s CEO told his company in an email this morning (April 9). In a post on Medium, Rzepecki said Khosrowshahi’s leadership made Jump feel more comfortable with the deal. “We could see the shift in the company once Dara was named CEO as he began leading with humility and in a way that we felt reflected our values,” Rzepecki wrote.

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Source: Slashdot – The Uber-For-Bikes Startup Is Now Officially Part of Uber