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09-15-2017, 07:42 PM
Google's parent company might invest $1 billion in Lyft, report says
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In case we needed more proof that Google and Uber really are done with each other, Google parent company Alphabet is reportedly considering a major investment in Lyft.*
The investment, which hasn't been finalized, could be as much as $1 billion, according to Bloomberg (https://www.bloomberg.com/news/articles/2017-09-14/alphabet-is-said-to-consider-lyft-investment-of-about-1-billion).
SEE ALSO: Lyft will finally develop its own self-driving cars (http://mashable.com/2017/07/21/lyft-self-driving-cars-facility/)
Needless to say, if Google were now to invest such a large amount in Lyft, it would be a serious blow to Uber, which is also currently trying to secure more funding (https://www.recode.net/2017/9/11/16288098/softbank-uber-deal-new-ceo). The news comes on the heels of a report (https://www.theinformation.com/amid-upbeat-year-lyft-explores-international-expansion), featured in The Information, that Lyft is getting ready to start business in Canada — its first international expansion. Read more... (http://mashable.com/2017/09/14/google-invest-in-lyft-report/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Uber (http://mashable.com/category/uber/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Lyft (http://mashable.com/category/lyft/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/wjM_JlyRlR0
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In case we needed more proof that Google and Uber really are done with each other, Google parent company Alphabet is reportedly considering a major investment in Lyft.*
The investment, which hasn't been finalized, could be as much as $1 billion, according to Bloomberg (https://www.bloomberg.com/news/articles/2017-09-14/alphabet-is-said-to-consider-lyft-investment-of-about-1-billion).
SEE ALSO: Lyft will finally develop its own self-driving cars (http://mashable.com/2017/07/21/lyft-self-driving-cars-facility/)
Needless to say, if Google were now to invest such a large amount in Lyft, it would be a serious blow to Uber, which is also currently trying to secure more funding (https://www.recode.net/2017/9/11/16288098/softbank-uber-deal-new-ceo). The news comes on the heels of a report (https://www.theinformation.com/amid-upbeat-year-lyft-explores-international-expansion), featured in The Information, that Lyft is getting ready to start business in Canada — its first international expansion. Read more... (http://mashable.com/2017/09/14/google-invest-in-lyft-report/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
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