Uber lands $3.5bn investment from Saudi Arabia
by Danny Yadron in San Francisco from Technology | The Guardian on (#1FTCD)
Yasir Al Rumayya, managing director of the Saudi public investment fund, will join Uber's board, giving the government a voice in one of the hottest tech firms
The Saudi Arabian royal government's investment arm announced Wednesday that it is investing $3.5bn in Uber, one of the largest investments in a private technology company ever.
It's an ironic investment for Uber, given that the country is the only one in the world to ban women from driving.
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