Benchmark is blocking attempts to sell Uber shares to other investors, say sources

Benchmark is blocking attempts to sell Uber shares to other investors, say sources

7 years ago
Anonymous $Gu9VYqcl-R

https://www.cnbc.com/2017/08/14/benchmark-blocking-uber-sales.html

Benchmark has repeatedly threatened to block any potential investment deal in Uber unless the board is capped at 8 people, reversing a June 2016 move by then-CEO Travis Kalanick to increase it to 11, sources tell CNBC.

Over the weekend, the New York Times reported that Uber's board has been approached by three potential investment proposals from Softbank, Dragoneer Investment Group and a consortium led by Shervin Pishevar of Sherpa Capital.