Potential Lyft buyers. Big auto partnerships and M&A. Rolls-Royce's big prediction.
Preserving the luxury of driving
On Monday the Wall Street Journal reported that Lyft had hired tech M&A specialist Qatalyst, fueling rumors that the company is looking for potential buyers.
Any Lyft acquisition would require the fiscal and strategic commitment to absorb a multi-billion dollar price tag ($5.5B at the latest valuation) and an uncertain path to profitability, given Lyft’s intense promotional battle with Uber.
A prospective buyer would be rewarded with the United States’ second-largest ride-hailing network, a consumer-facing outlet for autonomous taxi testing, and a trove of data on rider and driver usage patterns.
At this stage it’s unclear whether Lyft may simply looking to raise funding instead. But entertaining the idea of an acquisition, we put together a shortlist of potential buyers whose recent acquisitions, investments, or partnerships might signal strategic alignment with the ride-hailing company.
In ride-hailing and beyond, major automakers are strengthening relationships with tech firms at a rapid pace. Companies like GM, BMW, and Toyota are exploring avenues from partnerships and startup investments to outright M&A.