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ISSUE – Nov. 13 | VC firm, Uber ex-CEO put lawsuit on hold so investment deal can go ahead

On Sunday, Uber’s board of directors formalized a new arrangement that enables SoftBank and the Dragoneer Investment Group to purchase at least 14 percent of the ride-hailing startup. The move expands upon negotiations and related moves that took place more than a month ago. Notably, Benchmark, a venture capital firm that had sued former CEO Travis Kalanick, won’t pursue its lawsuit for now so that the SoftBank deal can go forward, per The Wall Street Journal. [ Arts Technica ] More : Uber confirms SoftBank has agreed to invest billions

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