Lyft_logoRide 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 not in danger of closing down, said the sources, despite the company not 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 now in doubt and the U.S. based firm has said it is re-evaluating the agreement.

Tag: Lyft

Top Rated Comments

Mac Fly (film) Avatar
116 months ago
No news is bad news. Now more people have heard of Lyft. I hope Lyft succeed for the singular reason of how much I dislike the CEO of Uber. Such aggression and greed like he demonstrates is exactly what's wrong with society today and the kinds of reasons Wall St. is the way it is. People are dirt under his shoes on his pathway to success—no values.
Score: 4 Votes (Like | Disagree)
smacrumon Avatar
116 months ago
Assuming ride sharing might tie into their car project, why can't Apple design their own version of Lyft or Uber if this is the road they are travelling down? Apple has the resources to do so, so why the need to look to, or invest, in another company?
Score: 3 Votes (Like | Disagree)
DTphonehome Avatar
116 months ago
It would be a shame if Lyft ceased to exist. There MUST be competition to Uber if we want a fair marketplace. Can't have one company being the only ride sharing service. They'll raise prices, reduce payments to drivers, etc. I use Lyft whenever possible just to bolster them against Uber.
Score: 2 Votes (Like | Disagree)
69Mustang Avatar
116 months ago
Assuming ride sharing might tie into their car project, why can't Apple design their own version of Lyft or Uber if this is the road they are travelling down? Apple has the resources to do so, so why the need to look to, or invest, in another company?
Profit margins. Starting any endeavor involves cost. Possibly building a car and a ride sharing project would involve huge cost and take profit margins from the 30's that Apple enjoys to the mid to lower teens... which everyone else enjoys.
Score: 1 Votes (Like | Disagree)
ksnell Avatar
116 months ago
"Deciding what not to do is as important as deciding what to do." -Steve Jobs
Score: 1 Votes (Like | Disagree)

Popular Stories

iphone 16 pro ghost hand

5 Reasons to Skip This Year's iPhone 17 Pro

Thursday July 10, 2025 4:54 am PDT by
Apple will launch its new iPhone 17 series in two months, and the iPhone 17 Pro models are expected to get a new design for the rear casing and the camera area. But more significant changes to the lineup are not expected until next year, when the iPhone 18 models arrive. If you're thinking of trading in your iPhone for this year's latest, consider the following features rumored to be coming...
apple tv 4k new orange

New Apple TV Expected Later This Year With These New Features

Saturday July 12, 2025 3:09 pm PDT by
A new Apple TV is expected to be released later this year, and a handful of new features and changes have been rumored for the device. Below, we recap what to expect from the next Apple TV, according to rumors. Rumors Faster Wi-Fi Support The next Apple TV will be equipped with Apple's own combined Wi-Fi and Bluetooth chip, according to Bloomberg's Mark Gurman. He said the chip supports ...
iPhone 17 Pro in Hand Feature Lowgo

iPhone 17 Pro Coming Soon With These 16 New Features

Friday July 11, 2025 12:40 pm PDT by
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are only two months away, and there are plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models. Latest Rumors These rumors surfaced in June and July:A redesigned Dynamic Island: It has been rumored that all iPhone 17 models will have a redesigned Dynamic Island interface — it might ...
macbook pro blue green

M5 MacBook Pro No Longer Coming in 2025

Thursday July 10, 2025 12:38 pm PDT by
Apple does not plan to refresh any Macs with updated M5 chips in 2025, according to Bloomberg's Mark Gurman. Updated MacBook Air and MacBook Pro models are now planned for the first half of 2026. Gurman previously said that Apple would debut the M5 MacBook Pro models in late 2025, but his newest report suggests that Apple is "considering" pushing them back to 2026. Apple is now said to be...
iphone 16 pro pro max

iPhone 17 Pro Models With BOE Displays Will Be Sold in China Only

Thursday July 10, 2025 11:59 pm PDT by
iPhone 17 Pro and iPhone 17 Pro Max models with displays made by BOE will be sold exclusively in China, according to a new report. Last week, it emerged that Chinese display manufacturer BOE was aggressively ramping up its OLED production capacity for future iPhone models as part of a plan to recapture a major role in Apple's supply chain. Now, tech news aggregator Jukan Choi reports...
Apple Watch Ultra 2 Complications

Apple Watch Ultra 3: What to Expect

Sunday July 13, 2025 10:30 am PDT by
The long wait for an Apple Watch Ultra 3 is nearly over, and a handful of new features and changes have been rumored for the device. Below, we recap what to expect from the Apple Watch Ultra 3:Satellite connectivity for sending and receiving text messages when Wi-Fi and cellular coverage is unavailable 5G support, up from LTE on the Apple Watch Ultra 2 Likely a wide-angle OLED display that ...
apple wallet drivers license feature iPhone 15 pro

Apple Says iPhone Driver's Licenses Will Expand to These 8 U.S. States

Tuesday July 8, 2025 11:26 am PDT by
In select U.S. states, residents can add their driver's license or state ID to the Wallet app on the iPhone and Apple Watch, providing a convenient and contactless way to display proof of identity or age at select airports and businesses, and in select apps. Unfortunately, this feature continues to roll out very slowly since it was announced in 2021, with only nine U.S. states, Puerto Rico,...
iPhone 17 Air Colors Thumb 2

iPhone 17 and iPhone 17 Air Rumored to Come in These 9 Colors

Friday July 11, 2025 12:30 am PDT by
The iPhone 17 and iPhone 17 Air will be available in a total of nine color options, according to new information coming out of Asia. The iPhone 17 Air's expected color options. According to the leaker going by the account name "yeux1122" on the Korean blog Naver, accessory manufacturers are now producing camera protector rings for the iPhone 17 and iPhone 17 Air in colors to match their...