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Not sure this is news -- was reported about two weeks ago.

REQX/Equinox will buy control of Alta. Good riddance.

They MIGHT be in a good position to buy out the rest of the BIXI assets as a flip. In not, they are well financed enough to bring in their own (compatible?) system to NYC.

In other news, they paid 110M for remainder of SCLA.

Unclear if DC members would be looking at price hikes. I suspect there will be tremendous pressure but I don't think Alta controls that.

BIXI is largely irrelevant for bikeshare and CaBi. Why would they want to buy the BIXI assets?

*largely irrelevant going forward.

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