Microsoft has agreed to invest about $100 million in Uber, a person with knowledge of the matter said.
Microsoft has agreed to invest about $100 million in Uber at a valuation of approximately $50 billion, a person with knowledge of the matter said.
The deal was finalized earlier on Friday, said the person, who asked not to be identified discussing a private deal.
Uber, which was previously valued at $40 billion when it raised financing earlier this year, is benefiting from investors who view its car-booking technology as the future of transport. The San Francisco-based company, led by Chief Executive Officer Travis Kalanick, is using the cash to expand operations to cities across the globe.