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Uber fundraising points to new US$50b valuation

At US$50 billion Uber would be worth more than publicly traded companies like FedEx and Nissan.

San Francisco

UBER is fundraising again. The mobile car-hailing application is in early talks to raise a new round of financing that could value the startup at US$50 billion, according to a person familiar with the discussions, who spoke anonymously because the process is confidential.