Alphabet, already an investor in Uber, is in talks to provide up to $1bn for rival Lyft, which was valued at $7.5bn as of April.
Internet and technology conglomerate Alphabet has held talks with US-based ride hailing platform Lyft over a $1bn investment. Bloomberg reported yesterday citing people familiar with the matter.
The funding would likely come from one of Alphabet’s subsidiaries, either internet technology provider Google or growth capital unit CapitalG. A possible valuation was not disclosed, but Lyft was valued at $7.5bn as of its last major funding round, in April 2017.
Lyft runs an on-demand ride service that spans 40 US states…
