Uber Receives $3.5 Billion Investment From Saudi Wealth FundBy and
Funding gives Uber the same valuation of $62.5 billion
Managing director of Saudi sovereign wealth fund joins board
Saudi Arabia’s sovereign wealth fund made its highest-profile deal, investing $3.5 billion in U.S. ride-share company Uber Technologies Inc. as the country seeks to diversify its assets with more overseas acquisitions.
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