Uber valued at about $51 billion after latest funding round: WSJ
(Reuters) - Uber Technologies Inc has closed a new round of funding that values the online taxi-hailing company at nearly $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.
Investors in the latest round include Microsoft Corp (MSFT.O: Quote) and the Indian media conglomerate Bennett Coleman & Co's Times Internet, the report said.
However, Bloomberg, citing a person with knowledge of the matter, reported that Microsoft was considering the investment and hasn't made a final decision.
"We filed to authorize this new funding more than two months ago," Kristin Carvell, a spokeswoman for Uber said in an email.
"We aren't commenting on additional speculation," she said.
Uber said in March that Times Internet would invest "well under" one billion rupees ($16 million) as part of a "strategic partnership".
Times Internet is the digital arm of Bennett Coleman & Co, which also runs India's largest English language daily, "Times of India".
Uber said on Thursday it would invest $1 billion in India over the next nine months, as it looks to expand its services in its biggest market outside the United States. Continued...