Travis Kalanick reportedly plans to sell about 29% of his Uber shares

 Uber founder and former CEO Travis Kalanick plans to sell nearly a third of his shares in the company, reports Bloomberg. The transaction would be part of the tender offer in which SoftBank Group agreed to buy shares in Uber valuing it at $48 billion, a huge discount from its last fundraising valuation. According to Bloomberg’s sources, Kalanick wants to sell 29% of his stake and would… Read More

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January 04, 2018 at 05:32PM

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