Bird Global ups geographical foothold with acquisition of electrical bike operator Skinny

Sep 19, 2023 | blog

Electric bikes in the parking

RussieseO/iStock through Getty Images

Shares of Bird Global (NYSE:BRDS) jumped 106.71% to $1.48 on Tuesday because it introduced the acquisition of shared electrical bike and scooter operator Skinny Labs, doing enterprise as Spin, from Berlin-based TIER Mobility.

The buy value was $19 million, which included $10 million in upfront money, $6

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