Uber is about to limit Travis Kalanick’s power in a major way and he’s okay with that

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  1. Uber is about to limit Travis Kalanick’s power in a major way and he’s okay with that  Business Insider
  2. Uber Investors Are Selling to SoftBank at a Steep Valuation Discount  Fortune
  3. SoftBank agrees to buy large stake in Uber  CNBC
  4. SoftBank Succeeds in Tender Offer for Large Stake in Uber  Wall Street Journal
  5. Uber Has a Big Opportunity from the SoftBank Stock Sale  Bloomberg
  6. Full coverage

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Uber shareholders flocked to sell their shares to SoftBank at a discounted price, meeting SoftBank s requirements for the deal. This deal also triggers a host of governance changes that severely limit former CEO Travis Kalanick s power. Kalanick has good reasons to be on board with the changes, and he .Uber founder and former CEO Travis Kalanick plans to sell nearly a third of his shares in the company, reports Bloomberg. The transaction Bloomberg s sources say he originally wanted to offer up to half of his Uber stake, but couldn t because of limits in the tender offer agreement. Kalanick stands to .Former Uber Technologies CEO Travis Kalanick plans to sell about of his stake in the ride hailing company..The changes they made to comply with the Japanese telecom titan s request for a shift in governance structure includes removing special voting powers that come with certain types of Uber stock. Former CEO Travis Kalanick, for instance, owns a third of what s called the Class B common stock, which had a .







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