Alphabet is reportedly considering investing $1 billion in Lyft (GOOGL)
Google parent company Alphabet is in talks to invest around $1 billion in Lyft, according to published reports.
The talks are being driven by top officials at Alphabet, according to Axios. The potential investment could come from either Google or from CapitalG, Alphabet’s investment division, Bloomberg reported.
Representatives of both Alphabet and Lyft representative declined to comment on the potential investment.
The two companies have already forged strong ties. In May, Waymo, Alphabet’s self-driving car unit, signed a deal with Lyft to collaborate on autonomous vehicle technology.
In July, Lyft announced it was forming an autonomous car …read more
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