Friday, May 15, 2015

Carl Icahn invested $ 100 million in Lyft – The Economist

Carl Icahn joined the group of investors participating in emerging companies related to new technologies, to provide $ 100 million to the transport company shared Lyft.

Carl Icahn joined the group of investors participating in emerging companies related to new technologies, to provide $ 100 million to the transport company shared Lyft.

The investor is a millionaire known for his entanglements with various corporate boards, whether or representation fighting force companies to make major changes or offered for sale. It is less known for investing in so-called “startups”, which have become one of the sectors that interest awakened.

Investors entrepreneurs contributed more than 48,000 million dollars in “startups” year past, the most since the dot-com bubble, more than a decade.

Icahn holds shares in Apple, Yahoo, Netflix, Hertz, eBay and Gannett, among many other publicly traded companies.

Lyft was launched in 2012 and provides an alternative image and friendly drivers.

Users download the application and use it to book a trip with a driver who is nearby. They can also use the app to pay. The latest round of financing the company valued at 2,500 million dollars. The company, which is privately held, said on Friday it earned $ 150 million in the new round of funding.

In its early days, their vehicles were adorned with huge pink mustache placed on the bumper, but this year the company adopted a more modest version. The service operates in 65 cities including New York, San Francisco and Washington DC.

Icahn said in a press release that carpooling part of the transport infrastructure in the United States again. He also congratulated Lyft by revenue growth and management. Jonathan Christodoro, managing director of Icahn Enterprises, will join the board of the company in San Francisco.

Lyft did not comment on the terms of the investment.

His rival, Uber Technologies, says a presence in 58 countries and be valued at more than 40,000 million dollars.

ERP

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