Lyft Looks to Sell or Find Partner for Bike and Scooter Business Amid Company Shakeup

Lyft is exploring options to sell or find an investor for its bike and scooter division.
The bikes business is unlikely to sell for the amount Lyft has invested in it.
Lyft has received strong interest from potential buyers or investors for the unit.
The move comes as new Lyft CEO David Risher cuts costs through layoffs and reducing job openings.
Lyft faces mounting competition in ridesharing from Uber and new entrant InDrive.