Uber wants more funds! May raise $1 billion loan
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Controversial taxi operator,
As per a report by the Wall Street Journal , the company is in discussions with large banks to understand the quantum of
However, the company is not expected to go public anytime soon. The report noted that as per an official, the San Francisco headquartered operator will not enter the market until 2016.
As per the report, the credit facility will not fund the operator’s day to day services. It should be noted that the operator has grown rapidly since its inception to become worth $40 billion. It has recently bid for
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