Travis Kalanick wants to sell 29% of his stake in Uber for $1.4 billion: Report

BGR India Friday, 5 January 2018 ()
Travis Kalanick wants to sell 29% of his stake in Uber for $1.4 billion: ReportOusted Uber boss Travis Kalanick plans to sell 29 per cent of his stake in the US ridesharing giant for about USD 1.4 billion, Bloomberg reported, citing an unnamed source familiar with the matter. Kalanick, who co-founded the company and owns 10 per cent of it, would sell the shares as part of the deal […]
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News video: Ousted Uber CEO Reportedly Planning To Sell $1.4 Billion Of Company Shares

Ousted Uber CEO Reportedly Planning To Sell $1.4 Billion Of Company Shares 00:32

 Former Uber CEO Travis Kalanick is reportedly planning to sell off 1.4 billion dollars worth of shares in Uber to SoftBank. The latter recently negotiated a deal to buy up Uber shares from investors and employees at a 30 percent discount. The deal valued the startup at 48 billion dollars. Kalanick...