Share on StockTwits

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 gym’s parent firm, Related Companies, would take a 51% stake in Citi Bike’s parent company . This would give REQX full control of Citi Bike’s future — as well as that of bike share programs owned by Alta Bicycle Share, from Chicago to Toronto and Melbourne, Australia.



“The Deal That Could Save Citi Bike” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.