Google could make a billion-dollar bet on Uber's biggest competitor

Alphabet tipped in talks with Lyft over possible $1b investment

Alphabet and Lyft declined to comment on the report.

But in a turn of events, the internet giant is now suing the ride-sharing service for allegedly stealing trade secrets from Google's self-driving vehicle company Waymo.

The investment, which hasn't been finalized, could be as much as $1 billion, according to Bloomberg.

Google's funding of Lyft is notable however, because its self-driving vehicle division Waymo is now locked in a bitter legal dispute with Uber.

"We're looking forward to working with Lyft to explore new self-driving products that will make our roads safer and transportation more accessible", a Waymo spokesperson said at the time.

Google was an early investor in Uber, but the companies are now engaged in a hard-fought lawsuit over trade secrets. The company also has two partnerships with startups for autonomous ride-sharing pilot programs: NuTonomy in Boston, and Drive.ai in San Francisco.

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Lyft and Alphabet's friendly relationship ramped up last spring.

Given that Uber now is not in a favorable position, as far as its ongoing legal confrontation with Waymo is concerned, these deals could help both of them (Waymo and Lyft) to gain an increasing share in the growing self driving vehicle market.

Canadians might have a new way to get around this year, as talks about popular ride-sharing service Lyft might expand into the Canadian market. And although a deal could still fall through, the timing suggests that Lyft is capitalizing on Uber's recent stumbles, taking the opportunity to grow its war chest while its better-funded competitor is busy licking its wounds.

Son said: "We are interested in discussing with Uber, we are also interested in discussing with Lyft, and we have not decided which way yet".

"What is Uber going to be do if Google invests in Lyft?". Interestingly, one of those companies was Alphabet.

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