Online taxi-hailing company Uber Technologies Inc has closed a new round of funding that values the company at close to $51 billion, the Wall Street Journal reported, citing people familiar with the matter.

Uber raised close to $1 billion in the round, bringing its total funding to more than $5 billion, WSJ reported on Friday, citing one of the people. (on.wsj.com/1guj46w)

Investors in the latest round include Microsoft Corp and the investment arm of Indian media conglomerate Bennett Coleman & Co, WSJ added.

Uber and Bennett Coleman could not immediately be reached for comment.

Microsoft declined to comment.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Saumyadeb Chakrabarty)

This entry passed through the Full-Text RSS service – if this is your content and you’re reading it on someone else’s site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers.

Related Posts

Facebook Comments

Return to Top ▲Return to Top ▲