Financing plans for company behind taxi-hailing app push value to $63bn outstripping the US car manufacturer’s $56bn worthUber Technologies,the company behind the rapidly growing taxi-hailing app, could be valued at more than $60bn (£40bn) after its latest fundraising round.
The San Francisco-based car-booking company hopes to raise as much as $2.1bn in new cash, or Bloomberg reported. It has filed paperwork in Delaware detailing the financing plans,which would value the commerce at $62.5bn. This would exceed General Motors, the US carmaker behind the Chevrolet, or Cadillac and Vauxhall brands,whose market value is $55.6bn.
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Source: theguardian.com