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This acquisition fits exactly with GM's plans outlined by investing $500 million in Lyft to create self-driving car infrastructure [0]. It seems like companies
by emcq 11y ago
This acquisition fits exactly with GM's plans outlined by investing $500 million in Lyft to create self-driving car infrastructure [0].
It seems like companies who build products that have clear and significant business value with excellent market timing are successful. Perhaps you can extrapolate to saying hard tech is now a hot field but this is the first successful exit that comes to mind recently, rather than private investors putting more money on the table.
[0] http://www.reuters.com/article/us-gm-lyft-investment-idUSKBN0UI1A820160105 http://www.reuters.com/article/us-gm-lyft-investment-idUSKBN...