BRIEF-Avis Budget Group and its certain subsidiaries enters into an ninth master amendment
* On May 16, 2017, certain subsidiaries of co entered into an ninth master amendment and restatement deed - SEC filing
BEIJING, April 27 Didi Chuxing, China's top ride-hailing firm, is set to raise a $5 billion funding round that values the company at about $50 billion.
Investors in the round include Softbank Group Corp, Silver Lake Partners, China Merchants Bank and Bank of Communications, according to a person familiar with the matter.
Didi was last valued at $34 billion in August when it agreed to acquire Uber Technology Inc's China business following a drawn-out rivalry between the two firms. The deal gave Uber a one-fifth stake in the firm.
Part of the latest investment will be used for Didi's international expansion, the people said.
Since Uber exited the Chinese market last year Didi has targeted efforts on expanding in Latin America, signing a strategic deal with Brazilian ride-hailing service 99 in January.
(Reporting by Julie Zhu, Writing by Cate Cadell; Editing by Stephen Coates)
* Belden - on may 16, 2017, co and certain of its U.S. and non-U.S. Subsidiaries entered into an amended and restated credit agreement - sec filing
* On May 17, co and David Hess entered letter agreement governing terms of compensation arrangement for Hess in his role as interim CEO