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Report: Uber may make play for bike-sharing company

Uber Technologies Inc. is weighing a bid for bike-sharing company Motivate, Axios reported June 8.

Motivate operates Ford GoBike in the San Francisco Bay area and Citi Bike on the East Coast.

Uber rival Lyft Inc. also reportedly has its sights set on Motivate, with The Information reporting June 1 that Lyft's offer would value Motivate at $250 million or more.