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Uber Said to Seek $1.5 Billion in Funds at $50 Billion Valuation

Uber Technologies Inc. plans to raise $1.5 billion in a new funding round that will boost the car-booking startup’s valuation to $50 billion, a person with knowledge of the matter said.

Uber is still in early discussions with backers, said the person, who asked not to be identified because the talks are private.