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Lyft agrees to sell self-driving division for $550M

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Lyft Inc. announced an agreement to sell its self-driving division for $550 million.

Woven Planet Holdings, a Toyota subsidiary focused on autonomous technology, is the buyer. The company will pay $200 million upfront, with the remainder to be paid over a five-year period.

Lyft competitor Uber shed its self-driving division late last year.

Read more from The Wall Street Journal.

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