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GM tried to buy Lyft
Publié: août 16, 2016, 4:53pm CEST par Sead Fadilpašić
General Motors (GM) currently holds some nine percent stake at Lyft, the US ride-sharing startup. However, according to new reports, firstly coming out of The Information, GM was interested in purchasing the other 91 percent, as well. How much money would that be? Well, if nine percent is $500 million, the entire company would be around $5.5 billion. Lyft, apparently, turned the offer down and instead wants to go for another round of funding. The speculation is that all of this comes as a result of the recent teaming up with Frank Quattrone’s Qatalyst Partners, a Silicone Valley group "known for selling companies". As for GM’s… [Continue Reading]