Uber valued at nearly $51bn after latest funding round

Online taxi-hailing app raises close to $1bn from investors including Microsoft and Indian media conglomerate Bennett Coleman & Co's Times Internet

Uber Technologies Inc has closed a new round of funding that values the online taxi-hailing company at nearly $51bn, the Wall Street Journal reported, citing people familiar with the matter.

Uber raised close to $1bn in the round, bringing its total funding to more than $5bn, WSJ reported on Friday, citing one of the people.