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July 12, 2013 10:05 pm GMT
Lyft is announcing this morning that it has sold off its legacy ride-matching business Zimride to rental car giant Enterprise Holdings. The sale will allow Lyft to focus on its fast-growing on-demand ride-sharing business, while also adding to its war chest as the company expands into new markets and competes against the likes of Uber and SideCar.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/etFOLHiHtgs/
Lyft Sells Legacy Zimride Assets To Enterprise Holdings As It Focuses On Local Ride Sharing
Lyft is announcing this morning that it has sold off its legacy ride-matching business Zimride to rental car giant Enterprise Holdings. The sale will allow Lyft to focus on its fast-growing on-demand ride-sharing business, while also adding to its war chest as the company expands into new markets and competes against the likes of Uber and SideCar.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/etFOLHiHtgs/
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