Uber raises $3.5 billion from Saudi Arabia's sovereign wealth fund

SAN FRANCISCO (Reuters) - Uber [UBER.UL] has raised $3.5 billion (£2.4 billion) from Saudi Arabia's sovereign wealth fund, the U.S. ride-hailing service said on Wednesday, gaining a crucial partner in its expansion into the Middle East.

from Reuters: Top News http://uk.reuters.com/article/uk-uber-saudi-idUKKCN0YN5V0?feedType=RSS&feedName=topNews