Lyft, Inc. (NasdaqGS:LYFT) signed an agreement to acquire PBSC Urban Solutions Inc. for approximately $145 million on April 15, 2022. The consideration paid to Lyft, Inc for approximately $130 million in cash and up to $15 million in earn-out incentives, subject to customary closing and other adjustments. The purchase price is inclusive of $14.1 million in estimated fair value of contingent consideration. The transaction is subject to customary closing conditions and expected to close in the second quarter of 2022. Wilson Sonsini Goodrich & Rosati acted as legal advisor to Lyft, Inc. and PricewaterhouseCoopers Corporate Finance acted as the lead financial advisor to PBSC Urban Solutions Inc. in the transaction.

Lyft, Inc. (NasdaqGS:LYFT) completed the acquisition of PBSC Urban Solutions Inc. on May 17, 2022.