Recently, news has swirled around Lyft and specifically its partner, General Motors. GM most recently made a sizeable $500 million investment into the ride-sharing service, but it’s reported it almost went much further.
According to The Drive, Lyft was shopping itself around extensively to find a buyer. Those buyers included rival Uber, General Motors and even Apple. Talks reportedly went furthest with GM, but it seems Lyft’s asking price was a tad far-fetched.
The report states GM was eying up a $5.5 billion buyout price, but Lyft was seeking somewhere in the ballpark of $9 billion.
Still, the option will likely stay on the table. Lyft has yet to turn a profit and continues to burn through $50 million of investments every month. GM sees a twinkle in its ride-sharing eyes, though, as it works to bring autonomous vehicles to the Lyft fleet sooner rather than later.