Sunday, November 12, 2017

Uber signs an investment deal limiting its former CEO

Kalanick reportedly gets to keep a place on Uber’s board of directors, and will have the power to appoint two extra seats. Any future changes will require a majority approval from the board, though. With these changes in place, Benchmark (a key Uber investor) will drop a lawsuit against Kalanick. Recode hears the deal depends on Uber shareholders offering enough stock for sale (SoftBank might

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