Uber May Raise $12B Round-Or Not


Four investors are contemplating a massive funding round for Uber, but whether it goes through is largely dependent on the outcome of the fraud lawsuit filed by Benchmark against former Uber CEO Travis Kalanick last week, per Bloomberg

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The potential financing, which would come from SoftBank, ridehailing giant Didi Chuxing, Dragoneer Investment Group and General Atlantic, would reportedly include somewhere around $1 billion in new capital at Uber's current $68 billion valuation. The remainder, between $2 billion and $10 billion, would buy out shareholders at a lower valuation.

Here's a timeline of events that led to the lawsuit and Uber's other ongoing uncertainty.

Article by PitchBook