Uber Might Be Worth $120 Billion

(Reuters) - Uber Technologies Inc [UBER.UL] recently received proposals from Wall Street banks valuing the company at as much as $120 billion in an initial public offering that could take place early next year, the Wall Street Journal reported on Tuesday. Goldman Sachs Group Inc and Morgan Stanley last month delivered the valuation proposals to Uber, the report said, citing people familiar with the matter. Uber did not immediately respond to a request for comment.