Travis Kalanick Walking Away With $1.4 Billion as Uber's Deal With SoftBank Closes - NBC4 Washington

Travis Kalanick Walking Away With $1.4 Billion as Uber's Deal With SoftBank Closes

Kalanick's estimated fortune is $4.74 billion, according to Bloomberg

    processing...

    NEWSLETTERS

    Join the Fight to End Senior Hunger
    Getty Images for Vanity Fair, File
    Travis Kalanick, speaks during "The √úbermensch" at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on Oct. 19, 2016, in San Francisco

    SoftBank completed its long-awaited investment agreement with Uber on Thursday, making SoftBank the company's largest shareholder and providing a huge payday for co-founder Travis Kalanick and other early backers, CNBC reported.

    "We're proud to have SoftBank, Dragoneer and the entire consortium in the Uber family. This is a great outcome for our shareholders, employees and customers," an Uber spokesperson said in a statement.

    Kalanick, who was ousted as CEO last year after high-profile problems, will get $1.4 billion from the deal, a source familiar with the arrangement has told CNBC.

    His estimated fortune is $4.74 billion, according to Bloomberg.

    Uber CEO to Take Leave as Board Adopts Sweeping Reforms

    [NATL-BAY] Uber CEO to Take Leave as Board Adopts Sweeping Reforms

    Uber CEO Travis Kalanick will take a leave of absence for an unspecified period and let his leadership team run the troubled ride-hailing company while he's gone. Mark Matthews reports.

    (Published Wednesday, June 21, 2017)