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Report: Uber Seeks $1 Billion Credit Line; Could Presage IPO

2015-05-24 16:49:39| Telecom - Topix.net

Uber Technologies Inc. wants to obtain a bank credit line worth a $1 billion in a development that could presage an initial public offering for the ride-sharing company. About a half-dozen large banks are expected to form a lending consortium to provide the credit, according to a report Friday in The Wall Street Journal .

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