Microsoft reportedly invests in Uber's latest round of funding

Microsoft has reportedly made an investment in Uber as part of its latest funding round that is expected to bump the ride-sharing company up to a valuation of $50 billion. Separate reports from both The Wall Street Journal and Bloomberg point to Microsoft as an investor in this latest round of funding, which raised a total of $1 billion. From The Wall Street Journal

"Investors in the latest round include Microsoft Corp. and the investment arm of Indian media conglomerate Bennett Coleman & Co., another person familiar with the matter said, as Uber seeks allies to help bolster its technology and expand in large markets outside the U.S."

There's no word from Uber or Microsoft on the tech giant's possible involvement in this latest round of funding. However, it wouldn't be the first time the two companies have been involved with one another. In late June, Microsoft and Uber cut a deal in which Microsoft sold part of its Bing Maps unit to the startup, with the latter offering positions to around 100 employees from Microsoft's mapping division in the process.

Sources: The Wall Street Journal, Bloomberg

Dan Thorp-Lancaster

Dan Thorp-Lancaster is the former Editor-in-Chief of Windows Central. He began working with Windows Central, Android Central, and iMore as a news writer in 2014 and is obsessed with tech of all sorts. You can follow Dan on Twitter @DthorpL and Instagram @heyitsdtl