Uber is one step closer to a massive investment from SoftBank, and that’s bad for Travis Kalanick

Uber is one step closer to a massive investment from SoftBank, and that’s bad for Travis Kalanick

7 years ago
Anonymous $wKBR2uNMvM

https://qz.com/1093915/uber-is-one-step-closer-to-a-massive-investment-from-softbank-tyo-9984-and-thats-bad-for-travis-kalanick/

A deal between Uber and SoftBank is nearly done.

Today (Oct. 4) Uber announced in a statement it would move forward with a proposed investment from Japanese tech giant SoftBank which could close “in the coming weeks,” and also voted in favor of a number of corporate governance reforms. The decisions bode poorly for Uber founder Travis Kalanick, who has sought to retain his influence over the company after stepping down as CEO in June, and could pave the way for broader changes in Uber’s international operations.

Uber is one step closer to a massive investment from SoftBank, and that’s bad for Travis Kalanick

Oct 4, 2017, 7:22am UTC
https://qz.com/1093915/uber-is-one-step-closer-to-a-massive-investment-from-softbank-tyo-9984-and-thats-bad-for-travis-kalanick/ >A deal between Uber and SoftBank is nearly done. >Today (Oct. 4) Uber announced in a statement it would move forward with a proposed investment from Japanese tech giant SoftBank which could close “in the coming weeks,” and also voted in favor of a number of corporate governance reforms. The decisions bode poorly for Uber founder Travis Kalanick, who has sought to retain his influence over the company after stepping down as CEO in June, and could pave the way for broader changes in Uber’s international operations.