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05-23-2014, 02:22 AM
Uber in Talks to Raise $500 Million at $12 Billion Valuation, Report Says
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And to think, $10 billion sounded like a lot.
Uber is said to be in talks with investment firms this week to raise about $500 million at a $12 billion valuation, according to a report Thursday in The Wall Street Journal (http://online.wsj.com/news/articles/SB10001424052702303749904579578391290739768?mg=re* *64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB1000 1424052702303749904579578391290739768.html). The ride-hailing company is looking to finalize the deal by the end of this quarter.
See also: 10 Startups to Watch in 2014 (http://mashable.com/2013/12/16/startups-to-watch-in-2014/?utm_medium=feed&utm_source=rss)
Reps for Uber did **t immediately respond to our request for comment.
As the Journal points out, a $12 billion valuation would make Uber one of the most highly valued venture-backed startups out there. Perhaps more importantly, it would help Uber pull ahead of Lyft, a competitor with comparable funding (http://mashable.com/2014/04/02/lyft-funding-round/?utm_medium=feed&utm_source=rss) to date, in terms of capital raised and brand perception. Read more... (http://mashable.com/2014/05/22/uber-funding-valuation/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Funding (http://mashable.com/category/funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Uber (http://mashable.com/category/uber/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/chhMW5fWrGA
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And to think, $10 billion sounded like a lot.
Uber is said to be in talks with investment firms this week to raise about $500 million at a $12 billion valuation, according to a report Thursday in The Wall Street Journal (http://online.wsj.com/news/articles/SB10001424052702303749904579578391290739768?mg=re* *64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB1000 1424052702303749904579578391290739768.html). The ride-hailing company is looking to finalize the deal by the end of this quarter.
See also: 10 Startups to Watch in 2014 (http://mashable.com/2013/12/16/startups-to-watch-in-2014/?utm_medium=feed&utm_source=rss)
Reps for Uber did **t immediately respond to our request for comment.
As the Journal points out, a $12 billion valuation would make Uber one of the most highly valued venture-backed startups out there. Perhaps more importantly, it would help Uber pull ahead of Lyft, a competitor with comparable funding (http://mashable.com/2014/04/02/lyft-funding-round/?utm_medium=feed&utm_source=rss) to date, in terms of capital raised and brand perception. Read more... (http://mashable.com/2014/05/22/uber-funding-valuation/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)
More about Funding (http://mashable.com/category/funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Uber (http://mashable.com/category/uber/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss), and Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial&utm_medium=feed&utm_source=rss)http://feeds.feedburner.com/~r/Mashable/~4/chhMW5fWrGA