Alphabet, Google's parent company, reportedly held talks with executives from Lyft about a potential $1 billion investment in the rideshare company, sources familiar with the matter told Bloomberg.
Sources told Bloomberg the investment would either come from Google or CapitalG, Alphabet's private equity arm.
The investment would signal a change in alliance, as Alphabet also holds shares in Uber — Lyft's biggest competitor — through its GV venture capital arm.
Alphabet and Lyft reportedly held informal talks about a potential acquisition last year. However, neither company pursued the deal.
Lyft, along with other rideshare companies, have also impacted care delivery within the healthcare industry. Several hospitals and health systems, including an affiliate of Sacramento, Calif.-based Sutter Health and St. Louis-based Ascension, partnered with Lyft to transfer patients to the emergency room quicker than traditional ambulances.