A woman walks outside a branch of SoftBank in Tokyo, Japan.  Picture: REUTERS
A woman walks outside a branch of SoftBank in Tokyo, Japan. Picture: REUTERS

San Francisco/New York — Uber Technologies’s warring board members have struck a deal that allows a multibillion-dollar investment by SoftBank Group to proceed, which would resolve a legal battle between former CE Travis Kalanick and a prominent shareholder.

Venture capital firm Benchmark, an early investor with a board seat in the company, and Kalanick have reached an agreement over terms of the SoftBank investment, which could be worth up to $10bn, according to two people familiar with the matter.

The Uber board agreed more than a month ago to bring in SoftBank as an investor and board member, but fighting between Benchmark and Kalanick slowed talks.

Reuters

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