Japanese Firm: Reappointing Kalanick

japanese firm: There have been no public proposals like this so far, but Kalanick has privately expressed interest in helping the company in some capacity, said the people, who asked not to be identified because private negotiations are ongoing, according to The Japan Times. Kalanick still retains some power over Uber through his control of three board seats, though two of those remain unfilled. The decision removes a major obstacle from the Japanese firm's planned multi-billion-dollar investment in the ride-sharing company. ; Venture capital firm Benchmark, which led Kalanick's ouster in June, has sought a guarantee in writing from Soft Bank that it would reject reappointing Kalanick as chief executive officer and block his appointment as chairman of the board or head of one of its subcommittees, said the people. The Soft Bank-led investment in Uber could be the largest private stock sale in history or it may collapse amid continued infighting. Soft Bank and investment firms General Atlantic and Dragoneer Investment Group are still in active talks with Uber. One prospective investor in the deal, Chinese ride-hailing company Didi Chuxing, has walked away, according to people familiar with the matter. (news.financializer.com). As reported in the news.