Uber Receives $1.2B in Funding, Valuing Company at $18.2B
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Get Alerts BLK Hot Sheet
Price: $1,022.90 -1.27%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: +21.3%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 2.2%
EPS Growth %: +21.3%
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On-demand car service Uber has lined up $1.2 billion in funding, the Wall Street Journal reported Friday. The latest round puts the valuation of the upstart at $18.2 billion.
The funding was led by three mutual-fund managers: Fidelity Investments ($425 million), Wellington Management ($209 million), and BlackRock (NYSE: BLK) ($175 million).
In total, the company has raised more than $1.5 billion since 2009.
The valuation of the company has now quadrupled in less than a year, the Journal notes.
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