Latest in Gear

Image credit:

Bird's purchase of Scoot lets it back into San Francisco

That's one way to get around the city's e-scooter restrictions.
Jon Fingas, @jonfingas
June 12, 2019
Share
Tweet
Share

Sponsored Links

Robert Alexander/Getty Images

You knew it was just a matter of time before there was further consolidation in the e-scooter world. Bird is acquiring Scoot in a move that both describe as a matter of "scale" -- that is, it'll help them take on heavyweight rivals like Lime. Scoot will continue to operate under its own name as a subsidiary of Bird. It's not certain how much Bird paid for the deal, but TechCrunch noted that Scoot was valued at $71 million.

It'll take a while before you see the deeper impact of the purchase, but there will be a short-term effect. This effectively gets Bird back into San Francisco after losing its chance at a permit. While it likely won't operate scooter sharing services in the city under the Bird label (you may have to settle for monthly rentals), it'll stand to profit from the work of its former competitor.

This could lead to additional shake-ups. Now that Bird is that much larger, smaller e-scooter service might feel pressure to find buyers in order to remain competitive. It's also hard to imagine challengers like Lime, Lyft and Uber simply ignoring the acquisition when it gives Bird access to one of the most important cities in the business.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

The Morning After: Amazon Echo (2020) review

The Morning After: Amazon Echo (2020) review

View
What we bought: Our favorite USB-C chargers

What we bought: Our favorite USB-C chargers

View
A massive spam attack is ruining public 'Among Us' games

A massive spam attack is ruining public 'Among Us' games

View
Custom PS5 covers are already a thing

Custom PS5 covers are already a thing

View
NASA works to secure the OSIRIS-REx asteroid sample

NASA works to secure the OSIRIS-REx asteroid sample

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr