JUMP Bikes Considers Uber Acquisition (4-5-18)

JUMP Bikes, an on-demand biking service that has a partnership with Uber, is trying to decide between a possible acquisition and investment offers.

Sources have told TechCrunch that the company is looking into a possible sale to Uber for more than $100 million, or a venture investment round, with one of the possible investors being Mike Moritz of Sequoia Capital.

In addition, there are reports that other parties have been increasing their offers over the past week in a bid to secure ownership of JUMP.

JUMP and Sequoia were unavailable for comment, while Uber declined to comment on the reports.

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