Icahn investing $100 million into Lyft

Carl Icahn in 82 Seconds
Carl Icahn in 82 Seconds

Carl Icahn is pumping $100 million into the ride-sharing outfit Lyft, and the company actually welcomes the investment.

Companies and their executives are usually at odds with Icahn, an activist investor who often pushes to change how a company is managed. But privately-held Lyft was happy to announce the cash infusion.

"We're thrilled to partner with Carl during this exciting period in Lyft's growth," said President John Zimmer.

Lyft, a competitor of Uber, will add Jonathan Christodoro, one of Icahn's managing directors, to its board of directors.

Related: Uber may now be worth $50 billion. Really?

Icahn's investment is part of a new $150 million round of funding for the company. Lyft raised an additional $530 million back in March.

But that total still pales in comparison to Uber's plans to raise $1 billion in its next funding round.

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