Uber seeking $1B credit line, possibly inching closer to an IPO

VentureBeat
By Chris O'BrienMay 22, 2015, 3:49 am304 pts
We may be getting a bit closer to the Uber IPO that is destined to make the world’s head explode. According to the Wall Street Journal, Uber is in talks with banks to set up a $1 billion line of credit. WSJ cited “sources” who said Uber had been contacting a number of banks to discuss possible terms. As…

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