Bird Acquires Spin, Now North America’s Largest Micromobility Operator By Market Share; The Purchase Price Was $19 Million, Including $10M In Upfront Cash, $6M In A Vendor Take Back And $3M As A Hold Back
Synergies upwards of $20 million and key profitable markets including Washington D.C., Baltimore, MD and Salt Lake City UT.Combined, Bird will serve approximately 350 markets globally with over 200,000 vehiclesBird