Uber in
Talks to
Raise 0 Million at $12
Billion Valuation, Report Says
And to think, $10
Billion sounded like a lot.
Uber is said to be in
Talks with investment firms this week to
Raise about
0 Million at a $12
Billion Valuation, according to a
Report Thursday in
The Wall Street Journal. The ride-hailing company is looking to finalize the deal by the end of this quarter.
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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 to date, in terms of capital raised and brand perception.
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