Icahn investing $a hundred million into Lyft
Carl Icahn in eighty two Seconds
Carl Icahn is pumping $ one hundred million into the trip-sharing outfit Lyft, and the business actually welcomes the expense.
Businesses and their executives are usually at odds with Icahn, an activist investor who typically pushes to alter how a business is managed. But privately-held Lyft was satisfied to announce the cash infusion.
“We are thrilled to partner with Carl during this thrilling period in Lyft’s progress,” stated President John Zimmer.
Lyft, a competitor of Uber, will insert Jonathan Christodoro, 1 of Icahn’s managing administrators, to its board of directors.
Icahn’s investment decision is element of a new $ a hundred and fifty million round of funding for the firm. Lyft lifted an further $ 530 million back in March.
But that complete nevertheless pales in comparison to Uber’s ideas to raise $ 1 billion in its following funding spherical.