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  • Safi Bello

Uber board strikes agreement to pave way for SoftBank investment

Reuters ---------- Uber Technologies Inc’s [UBER.UL] warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder. Venture capital firm Benchmark, an early investor with a board seat in the ride-services company, and Kalanick have reached an agreement over terms of the SoftBank investment, which could be worth up to $10 billion, according to two people familiar with the matter. To learn more click on the picture below to read the article.

Uber board strikes agreement to pave way for SoftBank investment - Read More from Reuters

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