Cabvision TaxiPoint GIF.gif

Travis Kalanick set to sell a portion of his shares in Uber for the first time

5 Jan 2018

 

Bloomberg reported on Friday that Travis Kalanick, Uber's former controversial Chief Executive, plans to sell around 29% of his stake in the ride-hailing giants to SoftBank Group Corp. and a consortium of investors.

If the sale was to go through, it would likely make Kalanick about $1.4 billion, and officially make him an "actual" billionaire. Until now, Kalanick'wealth has been measured on paper based on the company's valuation.

A multi billion dollar deal between Uber Technologies Inc and SoftBank Group Corp. was agreed last week and is likely to be finalised and closed by the end of January. A number of governance reforms agreed in the new deal will see Kalanick' influence at Uber significantly reduced. 

 

Please reload

  • Facebook
  • Twitter
  • YouTube Social  Icon
  • Instagram Social Icon
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram

Featured Stories

Please reload

ltda banner.JPG
Banner_720x200[10682].png
TaxiPoint--300x200px-MLP-GIF.gif
TaxiPoint_300x200_Dec19.gif
advert gif.GIF
ltpr.GIF
mymoneycomparison.gif
RSS Feed

The views expressed in this publication are not necessarily those of the publishers.

 

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2020.