Microsoft plunges money into Uber

London taxi cabA report said that software giant Microsoft has invested $100 million in taxi contender Uber.

Uber, which faces stiff inspection in various cities around the world has drawn the ire of car hire firms and traditional taxi cab outfits.

A report in US wire Bloomberg said that Uber will use the cash injection to launch its operations to more cities worldwide.

Uber is now valued at close to $50 billion, according to Bloomberg.

Last month Microsoft sold a share of its Bing mapping outfit to Uber and both companies have agreed to integrate Uber into Microsoft Cortana – a Siri like voice system that was rolled out along with Windows 10.

Uber already has a strong reach covering over 300 cities in over 50 countries worldwide.