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Uber raises US$3.5b from Saudi Arabia investment fund

New funding helps ride-sharing giant fuel its global expansion plans

Fri, Jun 03, 2016 - 5:50 AM

San Francisco

UBER announced on Wednesday that the Public Investment Fund of Saudi Arabia has pumped US$3.5 billion into the ride-sharing giant, helping fuel its global expansion plans. Terms of the investment give what was already one of the largest venture-funded startups a valuation,...

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