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chicagobusiness : Lyft looks to Apple, Uber for buyout

Uber and Lyft want to replace public buses

Uber and Lyft want to replace public buses

(Bloomberg)—Pinellas Park, Florida, isn’t the kind of place where you’d expect to gain insight about the future of mass transit.The suburb of Tampa is as car-crazy as your average stretch of Floridian sprawl—the local landmarks include the Tampa Bay Automobile Museum and a drag racing strip—and anyone who can avoid the bus does.But recently the agency responsible for the area’s public transportation began a novel experiment: It stopped running two bus lines and started paying for a portion of Uber rides instead.

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Lyft looks to Apple, Uber for buyout

Lyft looks to Apple, Uber for buyout

The signature pink mustache of ride-booking company Lyft sits on the hood of a vehicle during a news conference in Albuquerque, N.M., on Thursday, Aug. 18, 2016.Legislation signed earlier this year cleared up regulatory uncertainty and allowed for Lyft and other ride-booking services, like Uber, to resume operations in the state.(AP Photo/Susan Montoya Bryan) ORG XMIT: RPSB103 (Photo: Susan Montoya Bryan, AP)Lyft, the second most valuable ride-hailing service in the country, may have attempted to sell itself to Apple, Google, Amazon, General Motors and even ride-sharing rivals Uber and Didi Chuxing, according to The New York Times.

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How Uber And Lyft Are Working To Replace City Buses

How Uber And Lyft Are Working To Replace City Buses

The ride sharing platforms have pioneered programs in the US to rethink the last mile of transitUber and Lyft, the two leading car hailing services in the US, are working with cities to replace buses to solve the last mile problem in public transportation.The car hailing service, Uber especially, and government love story follows a pattern.First, the service begins with a small number of users in an area.

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Uber Tells Investors It Wouldn’t Pay Above $2 Billion for Lyft

Uber Tells Investors It Wouldn’t Pay Above $2 Billion for Lyft

As Lyft Inc. was gauging interest from prospective acquirers, executives from Uber Technologies Inc. told investors in the past few weeks that the company wouldn’t pay more than $2 billion to purchase its main U.S. ride-hailing competitor, said people familiar with the matter.Uber didn’t make a formal offer, said the people, who asked not to be named because the discussions were private.Uber had previously considered purchasing Lyft as far back as 2014, and the two San Francisco companies have discussed the prospect informally, one of the people said.

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