Did General Motors Just Try To Buy Lyft?

Photo: GM

Partners General Motors and Lyft may have almost become one, according to tech news site The Information, which says GM recently tried throwing an undisclosed enormous wad of bills on the table to buy the ride-hailing company.

The site references a source briefed on talks between the two companies, saying GM made a bid to acquire Lyft, but the latter ultimately declined, despite having previously made attempts to find a “strategic acquirer.”


The site says, instead of taking GM up on its offer, Lyft has opted for a new round of funding. That’s a tough break for The General, which had already dropped $500 million on a nine percent stake of Lyft earlier this year.

Still, if this is true, it does indicate that GM is not playing around with this ride-sharing stuff. We’ve reached out to both companies, and will update with any comments.

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David Tracy

Writer, Jalopnik. 1979 Jeep Cherokee Golden Eagle, 1985 Jeep J10, 1948 Willys CJ-2A, 1995 Jeep Cherokee, 1992 Jeep Cherokee auto, 1991 Jeep Cherokee 5spd, 1976 Jeep DJ-5D, totaled 2003 Kia Rio