• Spain's Cabify ‘categorically denies' that it is in negotiations for a full or partial sale to Lyft

    5 monthes ago - By Tech Crunch

    Transportation-on-demand service Lyft , now valued at over $15 billion after raising another $600 million in June , is on the hunt to scale its business. One move it might not be making soon, however, is to expand operations into Spain and Latin America by way of an acquisition of one of the leading players in the region.
    Cabify says it “categorically denies” that it is in conversations with Lyft for a full or partial acquisition: the two were reported by Spanish newspaper El Confidencial to be in negotiations, with Lyft preparing to pay up to $3 billion for the company, although the two...
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