advertisement
advertisement
advertisement
  • 06.27.16

Report: Lyft hires a banking firm famous for acquisitions

The Wall Street Journal‘s Douglas MacMillan reports that Lyft, the biggest name in on-demand car services after Uber, has hired investment bank Qatalyst Partners. That might just mean that Lyft is looking for a big funding round, which wouldn’t be a shocker: It’s already done deals such as the one that involved GM putting up $500 million for a 10% stake in the startup.

But Qatalyst is well-known for brokering acquisitions, and the most intriguing scenario would involve someone buying Lyft outright. (As MacMillan points out, GM is one ultra-obvious candidate.)

Even as mere speculation or flirtation, the idea of Lyft exiting the startup-versus-startup ride-sharing war with Uber is a doozy.  Whatever happens, my colleague Rick Tezeli’s Lyft profile from earlier this year makes for good background reading.HM