- American City Business Journals•2 hours ago
General Motors told Lyft's board of directors earlier this summer that the auto giant was willing to pay $6 billion for the ride-sharing company, a price tag well below the $9 billion Lyft had been hoping for, a new report says. Citing sources familiar with the matter, The Information reports that GM offered Lyft $4.5 billion plus matching cash for what Lyft currently has on hand, which is believed to be about $1.5 billion. "Lyft CEO Logan Green and its president, John Zimmer, also told directors that because they believed the ride-sharing firm would be worth $12 billion by next year, they said to GM that a $9 billion price would be reasonable," the report says.
- Benzinga•4 hours ago
In this new series, Benzinga will look inward and focus on some of the technology that brings actionable news to traders and investors before anyone else. In this first installment, Benzinga head of product ...
General Motors Company (GM)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||31.65 x 6500|
|Ask||31.66 x 10900|
|Day's Range||31.54 - 32.00|
|52wk Range||26.69 - 36.88|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||4.05|
|Avg Vol (3m)||13,331,857|
|Dividend & Yield||1.52 (4.82%)|