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Uber board strikes agreement to pave way for SoftBank investment

Reuters  |  SAN FRANCISCO/NEW YORK 

By Heather Somerville and Greg RoumeliotisSAN FRANCISCO/NEW YORK (Reuters) - Uber Technologies Inc's warring board members have struck a peace deal that allows a multibillion-dollar investment by SoftBank Group Corp to proceed, and which would resolve a legal battle between former Chief Executive Travis Kalanick and a prominent shareholder.Venture capital firm Benchmark, an early investor with a board seat in the ride-services company, and Kalanick have reached an agreement over terms of the SoftBank investment, which could be worth up to $10 billion, according to two people familiar with the ...

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First Published: Mon, November 13 2017. 09:16 IST
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