Lyft says it listened to offers, but is not for sale

Lyft is disputing reports from The New York Times and other sites (including Engadget) that the company is actively seeking a buyer. "Getting approached and then having it characterized as us wanting to sell the business and failing to do so is a large mischaracterization," President John Zimmer told Business Insider. The NYT reported that Lyft tried to sell itself to Apple, Google, Amazon, Uber and Didi Chuxing, Uber's new partner in China. However, it added that the company has 1.4 billion cash in the bank and is not exactly desperate. Lyft recently cemented a partnership with GM on self-driving vehicles to keep up with Uber, which is developing its own fleet. We need to let people know that we're not looking for a buyer, so that's not a legitimate part of the story.