$1BN

Finweek English Edition - - IN BRIEF -

The amount (R12.8bn) soft­ware gi­ant Mi­crosoft is re­port­edly in­vest­ing into mo­bile ride-hail­ing plat­form Uber. The in­vest­ment forms part of a fund­ing round that will value the com­pany at around $51bn, mak­ing it one of the most valu­able pri­vate com­pa­nies ever, ac­cord­ing to ny­times.com. Ac­com­mo­da­tion ser­vice Airbnb is worth more than $24bn, while Chi­nese elec­tron­ics com­pany Xiaomi is worth around $45bn, it said.

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