Ride-hailing app Uber has completed a new round of funding that values the company at almost $51bn, with Microsoft said to be among the investors that have helped it reach the milestone.
Uber raised close to $1bn in the round, bringing its total funding to more than $5bn, according to the Wall Street Journal. It also reported that Microsoft and the investment arm of Indian media conglomerate Bennett Coleman & Co were among those to plough in funds.
As WSJ explains, Uber’s valuation has now reached the high-water mark set by Facebook in 2011. Its value outstips other well admired Read full story ›
Source: The Drum
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