Silicon Valley ride-hailing service Lyft Inc. has pitched itself for an acquisition to a laundry list of potential buyers including the two most valuable tech companies in the world, Apple Inc. , Amazon Inc. and Google parent Alphabet Inc. , according to the New York Times. The Times reported that Lyft even tried to sell itself to rival Uber Technologies Inc., but came closest to a deal with General Motors Co. , the carmaker that invested half a billion dollars into Lyft earlier this year. Still, the Times said even those discussions never translated into an official offer for the startup, which was valued at $5.5 billion in its latest private-funding round, according to The Wall Street Journal. Lyft has been working with Qatalyst Partners LP, a Silicon Valley investment bank known for guiding companies through acquisitions, the Journal previously reported.
Continue Reading Below
Copyright © 2016 MarketWatch, Inc.