SEATTLE — Microsoft has agreed to invest about $100 million in Uber Technologies at a valuation of approximately $50 billion, a person with knowledge of the matter said. Uber, which was previously valued at $40 billion when it raised financing earlier this year, is benefiting from investors who view its car-booking technology as the future of transport. The San Francisco-based company, led by chief executive officer Travis Kalanick, is using the cash to expand operations to cities across the globe.
“We filed to authorize this new funding more than two months ago,” said Kristin Carvell, a spokeswoman for Uber. “The filing is available to the public. We aren't commenting on additional speculation.” — Agencies
