Uber Now Valued At Almost $51 Billion: WSJ

July 31 (Reuters) - Uber Technologies Inc has closed a new round of funding that values the online taxi-hailing company
at nearly $51 billion, the Wall Street Journal reported, citing people familiar with the matter.

Uber raised close to $1 billion in the round, bringing its total funding to more than $5 billion, WSJ reported on Friday, citing one of the people.

Investors in the latest round include Microsoft Corp and the Indian media conglomerate Bennett Coleman & Co's Times Internet, the report said.

However, Bloomberg, citing a person with knowledge of the matter, reported that Microsoft was considering the investment and hasn't made a final decision. (http://bloom.bg/1MCtuxS)

"We filed to authorize this new funding more than two months ago," Kristin Carvell, a spokeswoman for Uber said in an email.

"We aren't commenting on additional speculation," she said.

Uber said in March that Times Internet would invest "well under" one billion rupees ($16 million) as part of a "strategic partnership."

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Hannah Tan is a blogger passionate in the topic Financial Education, Marketing, Empowering Women and last but not least Travelling. "There is no passion to be found playing small - in settling for a life that is less than the one you are capable of living. - Nelson Mandela Stay Connected!