Uber valued at about $51 billion after latest funding round: WSJ

Fri Jul 31, 2015 5:26pm EDT
 
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(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...

 
The logo of car-sharing service app Uber on a smartphone over a reserved lane for taxis in a street is seen in this photo illustration taken in Madrid on December 10, 2014. REUTERS/Sergio Perez