Uber raises $100 million via ‘junk’ bond sale

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Uber has raised $100 million by selling high-yield notes or ‘junk’ bonds to add more cash into the company. Uber brought a $900 million bond sale last week, up from the planned $750 million, a day after reports claimed that it made an offer to acquire GrubHub. The ride-hailing company announced on Monday it’ll fire 3,000 employees amid COVID-19 crisis.

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