Report: Apple passes on Lyft acquisition

Report: Apple passes on Lyft acquisition

Apple was reportedly one of several companies that held talks over the last few months to consider buying ride-hailing company Lyft, but didn’t end up making an offer, The New York Times reports. Didi Chuxing, the Chinese ride-hailing company in which Apple invested $1 billion in May, was also mentioned as a possible buyer, alongside General Motors, Google, Amazon, and Uber. Didi Chuxing acquired Uber’s operations in China earlier this month, seemingly upending a partnership the company had forged with Lyft to fight Uber’s expansion into new markets. Lyft hasn’t publicly stated whether it will continue working with Didi Chuxing after the merger, which saw Didi founder Cheng Wei and Uber CEO Travis Kalanick join each other’s boards, and gave Uber a 20-percent stake in the combined company.

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