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Alphabet in Talks to Invest About $1 Billion in Lyft

Google parent Alphabet Inc. has held talks to invest about $1 billion in Lyft Inc., according to people familiar with the matter, in what would further an alliance against the ride-hailing company’s archrival, Uber Technologies Inc.

It isn’t clear when the talks took place or whether a deal will materialize, and it couldn’t immediately be learned which unit of Alphabet would make the investment.

An investment in Lyft would...


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