- Ride-hailing firm Lyft (LYFT) -- reported to have turned down a takeover from General Motors (NYSE:GM) -- has held sales talks with with a wide number of companies, also including Apple, Google, Amazon.com, Uber and China's Didi Chuxing, The New York Times reports.
- All those overtures resulted in no deal, the NYT says -- mainly due to cost. Lyft was valued at $5.5B after a January investment round, and a sale would have to come at a premium to that.
- Tech publisher The Information reported that Lyft turned down GM in their talks. The NYT says its sources said GM never made a written offer to buy the ride-sharing firm.
- Lyft was set to pursue a new funding round, and it has $1.4B in cash, giving it cushion to continue as an independent entity.