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Uber signs an investment deal limiting its former CEO
After plenty of negotiation, Uber is about to get a valuable investment… in return for a few favors. Sources speaking to Bloomberg, Recode and TechCrunch have learned that Uber and SoftBank have finalized a deal that should see SoftBank and an investment group pour $10 billion into the company ($1 billion directly, $9 billion buying existing shares) while limiting the control of former CEO Travis Kalanick.
Source: https://www.autoblog.com/2017/11/12/uber-softbank-investment-travis-kalanick/
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