Uber is Valued at Over $50 Billion

Uber is Valued at Over $50 Billion

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Tara Bellucci
Jul 31, 2015
(Image credit: Andrew Herrer/Bloomberg News)

On the heels of its global expansion push, Uber just closed a funding round and is valued at over $50 billion.

People familiar with the matter say that the ride sharing app raised close to $1 billion in the round, bringing its total funding to more than $5 billion. Sources say that investors include Microsoft and Indian media conglomerate Bennett Coleman & Co.

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