The Deal that Could Save Citi Bike Citi Bike, the New York bike-sharing service, has been struggling with cash flow since its inception. But it might soon be able to ride out its money troubles thanks to an investment company affiliated with the gym Equinox. Under the proposed deal, REQX Ventures, formed by officials from Equinox and the gyms parent firm, Related Companies, would take a 51% stake in Citi Bikes parent company. This would give REQX full control of Citi Bikes future — as well as that of bike share programs owned by Alta Bicycle Share, from Chicago to Toronto and Melbourne, Australia See also: 8 Excellent Bike Mounts to Hold Your iPhone Read more... More about Bicycle, New York City, Us World, Us, and Health Fitness #socialmedia
Posted on: Wed, 02 Jul 2014 19:28:21 +0000