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Alphabet Considers Lyft Investment of About $1 Billion

  • Cash may come from Google or private-equity arm CapitalG
  • Alphabet grows closer to Lyft as Uber relationship breaks down
Bloomberg business news

Alphabet Weighs $1 Billon Lyft Investment

Alphabet Inc. has held conversations with Lyft Inc. about a potential investment in recent weeks, signalling strong support for Uber Technologies Inc.’s main U.S. competitor, according to people familiar with the matter.

An investment of about $1 billion in Lyft may come from Google or CapitalG, Alphabet’s private-equity arm, said some of the people, who asked not to be identified because the discussions are private. A deal may not come together. Alphabet and Lyft declined to comment.