Ride Hailing Firm Lyft Courted Apple in Attempted Sale
 

http://cdn.macrumors.com/article-new...go-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.

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 to Didi Chuxing, which Apple recently invested $1 billion 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.

Tag: Lyft

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