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Report: Uber Now Valued At $40 Billion

Bloomberg is reporting that T. Rowe Price and Fidelity Investments, two firms that handle many Americans' retirement accounts, are thinking about buying into Uber during the app-hailed taxi alternative's latest round of fundraising.

And Uber is seeking funds at a valuation that's risen to as high as $40 billion, according to the unnamed sources.

This would suggest that there has yet to be much long-standing fallout over Uber's spying scandal, in which an executive suggested digging into a journalist's personal data.

T. Rowe Price had earlier declined to fund Uber, according to the San Francisco Business Times.

Rumors about an additional fundraising round for Uber have been circulating for the last month, with other valuations pegged at $25 billion.

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