Callum Turcan
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Microsoft Invests $100 Million In Uber

Bloomberg reports [after the WSJ did earlier] that Microsoft Corporation (NYSE:MSFT) plans on investing $100 million in quasi-taxi service start-up Uber Technologies Inc at a valuation of $50 billion [equal to a 0.2% stake]. This comes shortly after Microsoft had just sold part of its Bing mapping service to Uber, which offered 100 Microsoft employees who work at its Bing unit a job. Microsoft hasn't had the best of luck with its acquisitions after writing down $6.2 billion of its $6.3 billion purchase of AQuantive [bought back in 2007] or the $7.6 billion write-down of its purchase of some of Nokia's operations back in 2014. Maybe this one will go better, but at a $50 billion valuation, Uber has very high expectations to live up to. We will have to see.

What do you think of this purchase and of Uber? Leave your thoughts in the comment section below! Thanks for reading.