I personally suspect that anyone interested in buying them out is just going to wait until the bankrupcty and just buy the rights to use the trade name from the chapter 7 bankrupcty sale.
Much cheaper plus you're starting with a clean slate in terms of lawsuits as well as any other debt.
I mean what do you think is more.
The cost of developing your own ride share app?
Or the cost of paying off every single lawsuit in the pipeline against the company?
In a chapter 7 bankruptcy everyone just locks the doors and stops coming in, then a court appointed guy liquidates the assets and the creditors get screwed, the owner of the business would get next to or compeltely nothing.
There would be an auction for the certain things, one of which would be the trade name Lyft. Other things would be the software, which frankly wouldn't be worth much.
Than there's the debate on whether or not lyft is even worth paying money to secure the name or not. Anyone with the assets willing to actually compete with uber is already a household name and wouldn't need Lyft's name.
None of them would be better off buying lyft than they would be just slapping their own name on something new. Plus there's the added benifit of not having the baggage of lyft's name and any negative feelings associated with it.
I could be wrong thou,
But one day lyft is just going to stop operating, and probobly screw all the drivers that they owed money to that week.
If either of these companies stop paying (for any period of time) we need to stop driving on the spot.
I would not put it past either uber or lyft to fall into a situation on their last days that they just can't pay out period, and we(the drivers never see the money). On a side note..
Insurance companies will cover us for any incident up until the moment uber/lyft shut down. So that's not really a concern.