Uber Receives $3.5 Billion Investment From Saudi Wealth Fund

  • Funding gives Uber the same valuation of $62.5 billion
  • Managing director of Saudi sovereign wealth fund joins board

Uber Turns to Middle East for $3.5B Investment

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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