Ride-hailing supplier Lyft has hired an
investment bank either to raise new funding or to find a buyer, The Wall Street Journal reported. Lyft
is working with Qatalyst Partners, which has advised on tech acquisitions like LinkedIn’s
$26 billion sale to Microsoft Corp. WSJ reported Qatalyst has been in contact with large automakers and other companies about
a possible investment in Lyft. Earlier this year, Lyft closed $1
billion in funding, half of which came from General Motors.