The Google and Baidu-backed taxi hailing app operator has now raised a total of $4.5bn in financing, and is seeking an additional $600m from hedge funds.
US-based taxi booking app Uber has raised $1.6bn in convertible debt from Goldman Sachs Group’s wealth management clients, Bloomberg reported yesterday, citing people with knowledge of the matter.
Uber secured $600m from China-based internet company Baidu last month, lifting its total equity funding to $3.3bn, and sources told Bloomberg that the company is still in talks with hedge funds over a further $600m.
The six-year bond issued to Goldman Sachs clients will be converted to equity at a 20%…
