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Russian Billionaire Fridman Makes $200 Million Investment In Uber


Ron Burgundy
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Photo illustration of Nokia Maps on a smartphone in front of a displayed logo of Uber in ZenicaRussian billionaire Mikhail Fridman's LetterOne investment vehicle said on Friday it had made a $200 million investment in U.S. ride-hailing service provider Uber Technologies Inc [uBER.UL]. "We believe that Uber's highly talented management team possesses the necessary vision and skills to build the company into one of the world's preeminent technology businesses," Fridman, who is the chairman of LetterOne, said. In January, Russian media reported that another Russian tycoon, Alisher Usmanov, had invested several tens of millions of dollars in Uber in the summer of 2015.




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