Uber gets into the bike-sharing game with its latest acquisition

Uber has acquired Jump, a bike-sharing startup that offers dockless electric bicycles for hire on demand across San Francisco and Washington, D.C. The terms of the deal were not disclosed, but TechCrunch’s source says it cost Uber some $200 million. The acquisition follows the ride-hailing company’s trials of its Uber Bike service, which saw it partner with Jump in San Francisco at the end of January to allow customers to unlock and use the iconic red e-bikes through its app, making for an additional option to get around besides cabs. Jump’s bicycles will now appear as an option alongside cabs…

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