Uber agrees to buy Jump Bikes, company to run Providence bike-share program

DARA KHOSROWSHAHI is CEO of Uber. Uber recently acquired Jump Bikes, the company Providence has contracted to establish a bike-share program in the city. / BLOOMBERG FILE PHOTO/SIMON DAWSON
DARA KHOSROWSHAHI is CEO of Uber. Uber recently acquired Jump Bikes, the company Providence has contracted to establish a bike-share program in the city. / BLOOMBERG FILE PHOTO/SIMON DAWSON
NEW YORK - Uber Technologies Inc. is leaping into the bike-rental industry with the purchase of Jump Bikes, the company that the city of Providence has contracted to run a city bike-share program, as Uber CEO Dara Khosrowshahi seeks out new growth areas with his first acquisition. The ride-hailing giant agreed to pay more than $100…
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