Report: Uber exploring deal to buy Bird or Lime

VENICE, CA - July 25, 2018 Bird and Lime electric scooters are discarded near the Venice Beach Board
Bird electric scooters discarded near the Venice Beach Boardwalk on July 25.
(Gabriel S. Scarlett / Los Angeles Times)

Uber Technologies Inc. is considering an acquisition of electric scooter rental startup Bird Rides Inc. or its rival Lime, the Information reported, citing unidentified people with knowledge of the situation.

The ride-hailing giant has recently held talks with both companies but hasn’t yet decided on a course of action, according to the report. A deal could be reached before the end of the year, it said.

Both scooter companies have been trying to raise money. Uber in July invested in Lime at a $1.1 billion valuation and purchased an electric-bike rental company called Jump Bikes earlier this year.

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