Monday, June 9, 2014

Uber Gets $1.2 Billion In Mega Round

San Francisco-based ridesharing service Uber said late Friday that it has raised $1.2 billion in a huge round of funding, which came from Fidelity Investments, Wellington Management, and BlackRock. The round values the smartphone driven ride company at $18.2 billion. The round was announced by CEO Travis Kalanick in a blog post late Friday.