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View All NewsLyft reportedly rebuffs acquisition approach from GM (The Information)
August 15, 2016
General Motors in recent weeks reportedly told human cloud firm Lyft that it was interested in acquiring the company, reports The Information, a Silicon Valley website. After soliciting other potential strategic acquirers, Lyft rebuffed GM’s approach and decided to raise a new funding round instead, according to its sources. USA Today reported both General Motors and Lyft are declining to comment on the report.