Uber Is Negotiating a $2 Billion Credit Line With Banks
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Uber Technologies Inc. is negotiating a $2 billion credit line from a group of Wall Street banks, according to a person with knowledge of the matter.
Uber, the car-booking company that has roiled transportation markets worldwide by letting people hail rides from their smartphones, had initially sought a $1 billion revolving loan before boosting the size as more banks sought to participate, the Wall Street Journal reported Friday.