Microsoft corporation will be investing $100 million in Uber technologies which is currently valued approximately $50 billion according to reports from Bloomberg.Follow @newslexpoint
The deal between Microsoft Corp and the ride sharing App was finalized on Friday.
However Uber was previously valued at $40 billion after raising finances from Investors who saw its car booking technology as a great future business.
Check also: Two uber leaders arrested in france
According to the analysis, Uber’s net revenues in 2015 could shoot upto $2 billion. The ride sharing App acquired the Bing-Maps technology from Microsoft, therefore, the company will carry out its services on Microsoft’s platform in future.
Uber’s competitor Lyft is valued at $2.5 billion and its in the second position. Lyft is also a ride sharing App which you just simply download on your mobile phone, you will get picked up wherever you’re, you will be able to track your driver’s ETA in the App, then see their picture and this will show you who you’re riding with, definitely you will get there fast and when the ride ends, just pay with your mobile phone.
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