Uber Agrees to Buy Electric Bicycle Rental Company Jump Bikes analysis

The acquisition is mutually beneficial as the $2-a-ride service Electric bike sharing start up Jump Bikes has access to the necessary resources and technical know-how to help access larger client bases and larger scale global operations. Interestingly, Uber Technologies Inc. the innovative mobile-based tax hiring company has gained a useful foothold in electric bikes, mopeds among other Dockless conveyances. The deal has come as a relief to Uber Technologies Inc. as it has been experiencing rocky times in media publicity due to continuous billion losses in operation as well leadership changes in the recent months. This is unwarranted to the reader seeking informative and authoritative information from the article. More so the article should have provided background financial performance and client figures attached to the two companies so that to gauge the nature of the acquisition.