Uber Co-founder to sell 29% of his stake for $1.4bn: Reports
Uber Co-founder Travis Kalanick is planning to sell about 29% of his stake in the ride-hailing startup for about $1.4 billion, according to reports. The sale will be a part of an investment deal led by Japanese conglomerate SoftBank, the reports added. Kalanick resigned from his position as Uber CEO in June 2017 following pressure from the company's major investors.