GM would've paid $6 billion for Lyft, new report says, but co-founder wanted $12 billion
General Motors told Lyft's board of directors earlier this summer that the auto giant was willing to pay $6 billion for the ride-sharing company, a price tag well below the $9 billion Lyft had been hoping for, a new report says.
Citing sources familiar with the matter, The Information reports that GM offered Lyft $4.5 billion plus matching cash for what Lyft currently has on hand, which is believed to be about $1.5 billion.
A Lyft spokesperson did not respond to a request for comment from the Business...