Uber Turns to Saudi Arabia for $3.5B Cash Infusion

Re:Uber Turns to Saudi Arabia for $3.5B Cash Infusion by tlrobinson on Wednesday June 01, 2016 @07:56PM (#11819318)

> The only strategy I can see

A more cynical version: they're trying to pump up their valuation, IPO, and dump their stock before anyone notices.

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Re:Uber Turns to Saudi Arabia for $3.5B Cash Infusion by prostoalex on Wednesday June 01, 2016 @09:30PM (#11819721)

That would make sense if founder/employee liquidity was in the works, but from the information we have it's going straight to the company.

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Re:Uber Turns to Saudi Arabia for $3.5B Cash Infusion by madebylaw on Wednesday June 01, 2016 @10:05PM (#11819865)

This investment didn't change their valuation.

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Re:Uber Turns to Saudi Arabia for $3.5B Cash Infusion by iofj on Monday June 06, 2016 @01:32PM (#11848540)

Maybe it's the old "have some shares, then pay yourself $1M/year" racket then ?

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