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June 2, 2016 03:40 am GMT
Uber announced today it took $3.5 billion from Public Investment Fund (PIF), Saudi Arabia’s main investment fund as part of itslatest round. The new investment is the largest to date for the ridesharing giant and brings the total balance of both cash and debt to more than $11 billion but doesn’t increase the company’s current $62.5 billion value. Uber rules the U.S. market… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CzKH1jK96gw/
Uber takes its most significant investment yet at $3.5 billion from Saudi Arabia
Uber announced today it took $3.5 billion from Public Investment Fund (PIF), Saudi Arabia’s main investment fund as part of itslatest round. The new investment is the largest to date for the ridesharing giant and brings the total balance of both cash and debt to more than $11 billion but doesn’t increase the company’s current $62.5 billion value. Uber rules the U.S. market… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/CzKH1jK96gw/
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