After a last-minute offer was rejected by a Quebec court, Montreal-based Bixi (who make the bikes Divvy uses) was bought for C$4m by Canadian adventurer Bruno Rodi:
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.
REQX’s sally came too late, a Quebec Superior Court justice decided on Friday after hearing lengthy arguments. Rodi’s $4 million carried the day, and all of it will go to the city of Montréal, which is Bixi’s major creditor and has shelled out an estimated total of $40 million on the bike-share innovator since it was founded in 2008.
Rodi is quite possibly the most interesting man in the world, though it's not clear he drinks Dos Equis.