Uber's board reaches deal allowing $10B SoftBank investment
https://www.cnet.com/news/ubers-board-reaches-deal-allowing-10b-softbank-investment/
Uber's board of directors reached a deal Sunday that will allow SoftBank to make a multibillion-dollar investment in the ride-hailing startup.
The agreement resolves a legal battle between Uber cofounder and former CEO Travis Kalanick and Benchmark Capital, one of the startup's early investors, Reuters reported Sunday. Benchmark Capital, which owns about 13 percent of Uber, sued Kalanick in August, alleging that Kalanick misled Uber's stockholders to gain control of three board seats.
Uber's board reaches deal allowing $10B SoftBank investment
Nov 13, 2017, 1:12am UTC
https://www.cnet.com/news/ubers-board-reaches-deal-allowing-10b-softbank-investment/
>Uber's board of directors reached a deal Sunday that will allow SoftBank to make a multibillion-dollar investment in the ride-hailing startup.
>The agreement resolves a legal battle between Uber cofounder and former CEO Travis Kalanick and Benchmark Capital, one of the startup's early investors, Reuters reported Sunday. Benchmark Capital, which owns about 13 percent of Uber, sued Kalanick in August, alleging that Kalanick misled Uber's stockholders to gain control of three board seats.