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Uber Valued at More Than $50 Billion - WSJ

Uber Technologies Inc. has completed a new round of funding that values the five-year-old ride-hailing company at close to $51 billion, according to people familiar with the matter, equaling Facebook Inc.s record for a private, venture-backed startup.

Uber raised close to $1 billion in the round, one of the people said, bringing the San Francisco companys total funding to more than $5 billion. Uber had briefed investors on a plan...

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