uber-ceo-travis

ISSUE – Nov. 02| Uber-SoftBank Deal In Jeopardy Over Spat About Kalanick’s Role

Uber Technologies Inc.’s effort to close a multibillion-dollar investment by SoftBank Group Corp. is on the rocks as co-founder Travis Kalanick tussles with fellow board members over the limits of his power at the ride-hailing giant, people familiar with the matter said.

Uber in recent days had reached an agreement in principle on the deal with a group of investors led by SoftBank that would reshape Uber’s board and other aspects of its corporate governance and bring on a powerful partner in SoftBank Chief Executive Masayoshi… [ WSJ ]

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