Toyota’s Woven Planet acquires Lyft's Level 5 division in USD550 million deal

Acquisition, divestment & Spinoff

Transaction expected to close in the third quarter of 2021

Woven Planet Holdings, Inc. (“Woven Planet”), a subsidiary of Toyota Motor Corporation, acquires Level 5, the self-driving division of Lyft, Inc. one of the largest ride-hailing companies in the world according to a press release on the company website dated 27 April.

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