[Reuters] Uber snags $1.2 billion in new funding; seen valued at $18 billion - 06/06/14 06:56 PM
SAN FRANCISCO (Reuters) - Uber Inc has raised $1.2 billion from mutual funds and other investors in a funding round that valued the fast-growing rides-on-demand service at $18.2 billion in one of the highest valuations ever for a Silicon Valley startup.