After a bumpy November, Uber is closing the year by raising another $1.2 billion in financing, bringing the total to more than $2 billion to date
In a blog post announcing the financing, Uber CEO Travis Kalanick said the company was six times bigger than a year ago. The financing will be used to invest in new markets, "particularly in the Asia Pacific region."
Kalanick didn't mention a valuation figure, but reports pegged it at $40 billion based on the latest round. A rep for Uber did not immediately respond to our request for comment
The Uber CEO also obliquely addressed the bad publicity wrought by exec Emil Michael's hypothetical proposal about creating a $1 million fund to dig up dirt on journalists who are critical of the company: Read more...
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from MashableTodd Wasserman
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