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Andreessen Horowitz Sells Some Lyft Shares to Prince Al-Waleed - WSJ

Two of the most prominent investors in ride-hailing service Lyft Inc.quietly sold $148 million in shares of the company in recent weeks,according to people familiar with the matter.

Andreessen Horowitz and Founders Fund, a venture firm founded byPeter Thiel, each sold a portion of their stakes in Lyft to SaudiArabias Prince al-Waleed bin Talal and his Kingdom Holding Co. in aDecember deal authorized by the company, the people said. Thesecondary transaction coincided with Lyfts larger series F round offunding, in...

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