Lyft isn’t selling itself, blames Uber for connoting such rumors

Ride-hail company Lyft is not looking for a buyer, the company’s President said.John Zimmer broke his silence on potential mergers & acquisitions to dispel reports from Bloomberg and The New York Times to claim that Lyft was approached with offers, not the other way around — at least, it has never actively sought a new owner. That said, Zimmer wouldn’t confirm that Lyft had hired Qatalyst Partners in order to handle incoming offers (Qatalyst plotted the Microsoft and ...

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Lyft sought a buyer with $9 billion and Uber claims it’s only worth $2 billion

Number two ride-hailing app Lyft has been looking to better compete with top dog Uber while fending off newer transit startups like Bridj. And so, after nine funding rounds and a company valuation of $5.5 billion, it went to look for an owner.Would General Motors increase its investment of Lyft to a controlling stake? Nope. According to Recode‘s sources, it didn’t make a ...

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