Monday, 23 September 2019 01:05 GMT
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Google's Alphabet to invest in ride-hailing Lyft




(MENAFN) Google's parent, Alphabet, is in discussion with Lyft, the ride-hailing company for USD1bln investment.

However, Alphabet's self-driving car unit Waymo announced a partnership with Lyft to develop self-driving technology together in May.

The new investment might not enhance the two companies' cooperation in self-driving technology only, but it is expected to boost the second ride provider in its battles against Uber.

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Google's Alphabet to invest in ride-hailing Lyft

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