Uber, Lyft settlement did not require either side to pay: sources

A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. REUTERS/Lucy Nicholson/Files

SAN FRANCISCO: A pitched legal battle between ride-hailing rivals Uber and Lyft, involving accusations of hacking and corporate spying, ended with a settlement this week that did not require either company to pay money, according to sources familiar with the agreement. 

The settlement coincided with news that Lyft was working with investment bank Qatalyst Partners to pursue strategic options, including a possible sale of the company. The settlement would remove a legal risk for potential partners, though it could not be learnt whether the deal or timing was linked to a possible transaction.