BloombergTravis Kalanick, the former chief executive officer of Uber Technologies Inc, said he is forming an investment fund to back technology start-ups. The fund, called 10100, is to focus on real estate and e-commerce start-ups, as well as technology businesses in China and India. Separately, Uber is seeking US$1.25 billion in its second foray in the US leveraged loan market, people with knowledge of the matter said. Uber last tapped the loan market in 2016 for a US$1.15 billion loan, a deal arranged by Morgan Stanley. Uber’s adjusted pro-forma EBITDA for the fourth quarter last year was negative US$475 million, according to documents seen by Bloomberg.

Source: Taipei Times March 08, 2018 16:04 UTC