Ex-Uber CEO Kalanick reportedly selling 29 percent of stake

Uber co-founder and former CEO Travis Kalanick plans to sell 29 percent of his stake in the ride-hailing service, a news report said Thursday. The deal is part of a transaction with investors including Softbank Group Corp. and would bring Kalanick about $1.4 billion, Bloomberg reported, citing unidentified sources. It said Kalanick previously said he...

from New York Post http://ift.tt/2lYjfLg