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Bird acquires Spin scooters from Tier for $19M

Shared micromobility company Bird has acquired competitor Spin from Tier for $19 million, including $10 million in cash, $6 million in a vendor take back and $3 million as a hold back. Tier had purchased Spin from Ford back in March 2022 to expand its presence in the U.S., but Tier has struggled to maintain […]

source https://techcrunch.com/2023/09/19/bird-acquires-spin-scooters-from-tier-for-19m/

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shashi pathipaka
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