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Alphabet talks with Lyft about possible investment -source

From Reuters - September 14, 2017

SAN FRANCISCO (Reuters) - Alphabet Inc (GOOGL.O) is in discussions with Lyft Inc about a possible investment in the ride-hailing company, potentially deepening an existing partnership between the two firms, a person familiar with the talks said on Thursday.

An injection of support from one of Silicon Valleys largest companies could be a boost to Lyft as the No. 2 ride provider battles rival Uber Technologies Inc for market share.

It was not immediately clear how large an investment Alphabet might make. Bloomberg, citing people familiar with the matter, reported there was at least some discussion of a $1 billion deal.

Alphabet and Lyft declined to comment.

In May, Alphabets self-driving car unit Waymo and Lyft announced a partnership to work together on developing self-driving technology; neither offered many details of the agreement.

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