ahlam1399
08-21-2016, 03:50 PM
http://cdn.macrumors.com/article-new/2016/08/Lyft_logo-250x177.jpgRide hailing company Lyft recently approached several companies including Apple in an attempt to sell itself, according to a report by The New York Times (http://www.nytimes.com/2016/08/20/tech**logy/lyft-is-said-to-fail-to-find-a-buyer-despite-talks-with-several-companies.html?_r=1).
The second-largest ride hailing firm in the U.S. held talks with or contacted Apple, Amazon, General Motors, Uber, Google, and Didi Chuxing over a potential sale, but was unable to find a buyer, said the newspaper's sources.
G.M., one of the San Francisco-based company's largest investors with a $500 million stake in Lyft, was reportedly the most interested suitor, but ultimately failed to make a written offer. The good news for Lyft is that it has a cash cushion of $1.4 billion and is **t in danger of closing down, said the sources, despite the company **t yet being profitable.
Earlier this month, Uber agreed to sell its Chinese arm (http://www.macrumors.com/2016/08/01/didi-chuxing-uber-china/) to Didi Chuxing, which Apple recently invested $1 billion (http://www.macrumors.com/2016/05/12/apple-invests-1billion-didi-chuxing/) in.
The sale put a spanner in the works of Lyft's partnership with Didi, which allowed Didi customers to use their app to hail Lyft drivers, and vice versa. Lyft's so-called anti-Uber alliance with Didi is **w in doubt and the U.S. based firm has said it is re-evaluating the agreement (http://www.theverge.com/2016/8/1/12343850/lyft-didi-partnership-uber-china).
Tag: Lyft (http://www.macrumors.com/roundup/lyft/)
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The second-largest ride hailing firm in the U.S. held talks with or contacted Apple, Amazon, General Motors, Uber, Google, and Didi Chuxing over a potential sale, but was unable to find a buyer, said the newspaper's sources.
G.M., one of the San Francisco-based company's largest investors with a $500 million stake in Lyft, was reportedly the most interested suitor, but ultimately failed to make a written offer. The good news for Lyft is that it has a cash cushion of $1.4 billion and is **t in danger of closing down, said the sources, despite the company **t yet being profitable.
Earlier this month, Uber agreed to sell its Chinese arm (http://www.macrumors.com/2016/08/01/didi-chuxing-uber-china/) to Didi Chuxing, which Apple recently invested $1 billion (http://www.macrumors.com/2016/05/12/apple-invests-1billion-didi-chuxing/) in.
The sale put a spanner in the works of Lyft's partnership with Didi, which allowed Didi customers to use their app to hail Lyft drivers, and vice versa. Lyft's so-called anti-Uber alliance with Didi is **w in doubt and the U.S. based firm has said it is re-evaluating the agreement (http://www.theverge.com/2016/8/1/12343850/lyft-didi-partnership-uber-china).
Tag: Lyft (http://www.macrumors.com/roundup/lyft/)
Discuss this article (http://forums.macrumors.com/threads/ride-hailing-firm-lyft-courted-apple-in-attempted-sale.1989103/) in our forums
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