Deals Rumor Mill: Lyft, Tencent Holdings, Towers Watson

By Benjamin Horney (November 18, 2015, 4:27 PM EST) -- San Francisco-based ride-hailing company Lyft Inc. is looking to raise about $500 million, according to a Wednesday report from The New York Times, in a capital raise that would value it at about $4 billion and would help the company compete with rival Uber Technologies Inc., which is also seeking to raise capital. According to the report, Uber has begun talking with investors about potentially raising as much as $1 billion, which would put its value at between $60 billion and $70 billion. No timetable was disclosed for either company's fundraising attempts....

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