Lyft tried (and failed) to get Apple, GM and others to buy it
Aug21
In June, Lyft sought advice from investment firm Qatalyst, reportedly in an attempt to get another company to buy it. Now we know which companies Lyft was targeting. According to a report in The New York Times, Lyft held acquisition talks with General Motors, Apple, Google, Amazon, Uber and Didi Chuxing. It’s not known how much Lyft was attempting to sell itself for, but it’s most recent valuation was $5.5 billion. Its most serious interest came from GM, which (obviously) didn’t pan out. The two companies recently partnered to bring rental cars to drivers in need. The ride-sharing service has a…
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