Uber is closing in on a valuation of up to $40 billion.

Uber is closing in on a valuation of up to $40 billion.

The car-booking service is close to securing new investment worth over $1 billion, sources told Bloomberg News. A fundraising round five months ago valued Uber at just $17 billion.

http://www.bloomberg.com/news/2014-11-26/uber-said-close-to-raising-funding-at-up-to-40b-value.html

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