Transportation
The Bixi Bike-Share Bankruptcy Saga Just Got Even More Interesting
It's looking like Canadian furniture magnate and adventurer Bruno Rodi will step in to save the troubled firm.
The long, strange story of Bixi, the Montréal-based company that provides equipment for some of the world’s largest bike-share systems, got even weirder last Friday, as its bankruptcy sale ended with a courtroom drama.
Earlier in the week, Canadian furniture magnate and adventurer Bruno Rodi had put in what looked a winning $4 million bid to buy the troubled firm. Then, at the last minute, the New York company REQX Ventures – a project of Equinox Fitness and luxury real estate behemoth Related Companies – countered with an offer for $5.5 million. Both Rodi and REQX were willing to pay cash for the international arm of Bixi, which is $44 million in debt.