June 2 Fidelity Investments has joined the race
to lead Uber Technologies Inc's new financing, valuing the San
Francisco-based online car booking service provider at about $17
billion, Bloomberg reported on Monday.
Other investors were keen on investing in the startup, and
the terms of the funding could change, said Bloomberg citing
people familiar with the matter. (link.reuters.com/pyr79v)
The completion of this new financing would make the company
more valuable than car-rental service Hertz Global Holdings Inc
and retailer Best Buy Co.
The Wall Street Journal reported last month that General
Atlantic, BlackRock and Technology Crossover Ventures were among
those interested in contributing to an investment round.
Uber and Fidelity were not immediately available for comment
after normal business hours.
(Reporting by Sudarshan Varadhan; Editing by Lisa Shumaker)