Lyft was seeking as much as $9 billion in a buyout - Recode: After General Motors, a Lyft investor, expressed the possibility of buying the company, the startup hired investment bank Qatalyst to solicit competing offers from other potential buyers, a common practice after receiving buyout interest. It approached Google parent Alphabet, Amazon, Microsoft and even Apple, sources say.
Lyft eventually brought its $9 billion asking price down during conversations with potential suitors, but none of the tech companies ended up placing a bid, according to a source familiar with the talks.* GM never made a formal bid, people familiar said.
Lyft’s latest funding round valued the company at $5.5 billion.
Representatives for Lyft, Alphabet, Apple, Microsoft, Amazon and Qatalyst declined to comment.
Lyft eventually brought its $9 billion asking price down during conversations with potential suitors, but none of the tech companies ended up placing a bid, according to a source familiar with the talks.* GM never made a formal bid, people familiar said.
Lyft’s latest funding round valued the company at $5.5 billion.
Representatives for Lyft, Alphabet, Apple, Microsoft, Amazon and Qatalyst declined to comment.