Uber cofounder and ex-CEO Travis Kalanick is close to selling "nearly a third" of his equity in the company, Reutersreported late Thursday. However, the investor consortium is also making a $1.25 billion investment of fresh financing at the older, higher appraisal.
However, the publication reports that originally Kalanick offered to sell half of his stake - but this was reduced to 29 percent due to sale limits already in place between himself and the Softbank investors. He was succeeded in August by former Expedia CEO Dara Khosrowshahi.
Also selling Uber shares is Benchmark, a venture capital firm, which is reportedly moving 15 percent of its holdings worth about $900 million. This sale was despite the fact that Alphabet's self-driving auto subsidiary Waymo was suing Uber for stealing trade secrets. After the company meddled into several issues ranging from harassment accusations to the toxic workplace culture, he finally stepped down. But once Softbank's deal with Uber is completed, management reforms will further attenuate his control. Later, he appointed two new board members in September without consulting Uber or the board, something largely seen as Kalanick's desperate attempt to regain power. SoftBank had been hinting of taking its billions of dollars and global influence to back rival Lyft.
The former CEO owns 10 percent of the company, which means his sale will unload 2.9 percent of Uber shares and earn him about $1.4 billion, the source added. Kalanick did not want competitors to get ahead.
"I love Uber more than anything in the world and at this hard moment in my personal life I have accepted the investors' request to step aside so that Uber can go back to building rather than be distracted with another fight", Kalanick said in a statement previous year about his move to step down, according to The Guardian.
Variety reports that the show, starring Brandon Micheal Hall as a hip-hop artist who is elected mayor, is "effectively canceled". The network's half-hour bench includes its Roseanne revival, family comedy Splitting Up and Zach Braff vehicle Alex, Inc .
The top seed broke in the sixth game to win the first set in 30 minutes. "I was just seeing the rule and where line is. The third-seeded Australian, the World No. 21, defeated world No.3 Dimitrov in one hour and 33 minutes, reports Efe.
There were 30 Iranians and two Bangladeshis on the tanker, but all were missing as of Sunday, Chinese authorities said. It was due to arrive at Daesan in South Korea from Kharg Island in Iran on Sunday, according to Reuters ship tracking.
Van Dyke's wife, Shirley Ann Jones, told the newspapers his health had deteriorated since a vehicle accident two years ago. In his final TV role in 2015, Jerry Van Dyke reprised his role on " The Middle ", guesting alongside his brother, Dick.
With Brian Gutekunst securing the job, only five days after it officially was open, Ball's candidacy has collapsed. Saturday morning NFL's Ian Rapoport tweeted Green Bay had requested an interview with Schneider but was denied .
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His tweet said, "Thank you for the welcome @siddaramaiah ji". "The Congress has been using the state as an ATM for years". He said there was a complete breakdown of law and order in the state as there were murders of over 20 Hindu activists.