Uber’s board of directors approved new rules on Tuesday that would level the playing field between company founders and employees and some of its other sharholders, as the ride-hailing giant seeks to end a fractious internal battle that has destablized it for montghs.
The ride-hailing company also agreed to proceed with a massive investment by Japan’s Softbank, previously reported to be as much as $10 billion.
The moves come a few days after Uber cofounder and ousted CEO Travis Kalanick surprised the company by appointing two new directors to the company’s board. Kalanick controls three board seats, including his own.
Here the statement Uber sent to Business Insider:
“Today, after welcoming its new directors Ursula Burns and John Thain, the Board voted unanimously to move forward with the proposed investment by SoftBank and with governance changes that would strengthen its independence and ensure equality among all shareholders. SoftBank’s interest is an incredible vote of confidence in Uber’s business and long-term potential, and we look forward to finalizing the investment in the coming weeks.”
This story is developing.
Het bericht Uber board says it approved ‘equality’ among shareholders and will move forward with Softbank deal verscheen eerst op Business Insider.