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Market Rumors: Uber, Red Star, PT Ciputra Property

By Chelsea Naso (January 21, 2015, 5:27 PM EST) -- Ride-hailing app maker Uber Technologies Inc. is said to have raised $1.6 billion in convertible debt from Goldman Sachs Group Inc.'s wealth management clients as the tech startup looks to grow internationally, Bloomberg reported Wednesday, citing people familiar with the matter. The offering is the largest-ever of convertible debt, the New York Times reported. Uber is reportedly also still in talks to raise $600 million from hedge funds and international strategic investors. In the San Francisco-based tech company's last round of financing, which raised $1.2 billion in December, Uber was valued at $40 billion. ...

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