Ride-sharing service Lyft was reportedly seeking a deep-pocketed tech outfit to buy out the company. According to a report published this weekend, Lyft tried to get one A-lister like Apple, Alphabet or Microsoft to pony up as much as $9 billion to purchase it. One report states that Lyft even approached its chief rival Uber about buying the company.
Lyft did not not get any of its potential suitors to bite, and was forced to lower its asking price during talks. Conversations with automobile manufacturer General Motors also failed to solicit a bid for Lyft, which was valued at $5.5 billion during its most recent round of funding.
