Lyft rebuffs acquisition interest from GM: report

Ride hailing company Lyft rebuffed acquisition interest from General Motors Co and will raise a new funding round instead, technology website The Information reported on Friday, citing two people familiar with the situation. GM and Lyft representatives did not immediately comment on the report. GM invested $500 million in Lyft in January and has since said it plans to expand its alliance with the ride services company.

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