Tech Company M&A Transactions
Spin Acquisition
Spin was acquired by Tier Mobility. The acquisition became public on 3/2/2022. The acquisition price was not announced.
Transaction Overview
Company Name
Acquired By
Announced On
3/2/2022
Transaction Type
M&A
Amount
Unknown
M&A Terms
Financial terms were not disclosed. Ford, which purchased Spin for $100 million back in 2018, will maintain a strategic investment in Spin, according to Spin CEO Ben Bear.
Company Information
Company Status
Acquired or Merged
Industry
Transportation
Mailing Address
408 Bdwy. 4th Floor
New York, NY 10013
USA
New York, NY 10013
USA
Phone
Website
Email Address
Overview
Spin is a venture-backed transportation company based in SOMA, San Francisco. Founded at the end of 2016 by three friends who wanted a better way to get around their hometown of San Francisco, Spin's first product reimagined bikeshare. The company was purchased by Ford Motors in November 2018. Ford then sold Spin to Tier Mobility in March 2022.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Derrick Ko
Chief Technical Officer
Zaizhuang Cheng
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