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Lyft, the longtime also-ran in the race for ride-share dominance, has hired Qatalyst Partners, an investment bank known for its M&A deals. According to The Wall Street Journal, the San Francisco-based company may be looking to sell a stake in itself or find a buyer.

Lyft has raised $2 billion since its founding in 2012, including a $500 million investment last December from General Motors as part of a joint effort to develop self-driving cars.

Ride-share services around the world are fortifying their war chests as competition heats up. Uber just raised $3.5 billion from Saudi Arabia, bringing its financing total to $12.5 billion. And in May, Apple put $1 billion into Uber's Chinese rival, Didi Chuxing.
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