Skip to footer

Carl Icahn makes $100M investment in Uber rival Lyft

The privately held Lyft says it brought in $150 million in the new round of fundraising.

|
Mark Lennihan/AP
Activist investor Carl Icahn speaks at the World Business Forum in New York. Genzyme Corp., in 2010.
  • By Associated Press

| NEW YORK

Billionaire activist investor Carl Icahn is investing $100 million in on-demand ride sharing service Lyft.

Jonathan Christodoro, a managing director of Icahn Enterprises, will join the San Francisco company's board of directors. Lyftdidn't comment on any other terms in the investment.

Icahn is well known for tangling with the boards of companies like Apple, Yahoo, Hertz, Gannett and eBay, rather than investing in startups.

The privately held Lyft says it brought in $150 million in the new round of fundraising.

Lyft was launched in 2012. Users download its app and use it to request a ride from a nearby driver, and they can also use the app to pay for their rides. The company's last round of fundraising valued it at $2.5 billion.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.
Subscribe
QR Code to Carl Icahn makes $100M investment in Uber rival Lyft
Read this article in
https://www.csmonitor.com/Business/2015/0515/Carl-Icahn-makes-100M-investment-in-Uber-rival-Lyft
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe