A recent report claims that Lyft may be looking for a buyer.
The new report comes from The Wall Street Journal and it claims that insider sources have said that Lyft has hired Qatalyst Partners. Qatalyst Partners is an investment bank that helps tech companies find buyers. The bank could also be looking to help the company raise more money.
The possible sale of Lyft could draw the attention of General Motors Company (NYSE:GM), which bought a 10% stake in the ride-hailing service earlier this year. This could also possibly help the company better compete against its larger rival, Uber.
It’s also possible that Didi Chuxing, a Chinese ride-hailing service, could be interested in buying Lyft. It has already made an investment in the company and the two work together in certain agreements. There could also be another automaker that’s interested in acquiring the company, reports Forbes.
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