SoftBank Limits Kalanick's Power in Uber Deal

SoftBank is planning a significant investment in Uber, aiming to buy shares worth $10 billion. This move is part of SoftBank's broader strategy to invest in ride-hailing companies globally. However, tensions exist between Uber's former CEO, Travis Kalanick, and Benchmark, an early investor, over Kalanick's potential influence. Benchmark seeks to limit his power to ensure smooth management under the new CEO. SoftBank's investment includes a $1 billion fresh capital injection and a $9 billion purchase of existing shares, with an auction starting at a $45 billion valuation.

What is SoftBank's primary goal with its investment in Uber?

• To expand its global ride-hailing investments

• To replace Uber's current CEO

• To merge Uber with another company

• To take over Uber completely

Why does Benchmark want to limit Travis Kalanick's influence in Uber?

• He wants to sell Uber

• He is no longer a shareholder

• He has a history of controversies

• He plans to start a new company

What is the nature of the auction planned by SoftBank for Uber shares?

• It starts at a valuation above Uber's current worth

• It involves only new shares

• It is exclusive to SoftBank

• It starts at a valuation below Uber's current worth

How much fresh capital does SoftBank plan to invest in Uber?

• $10 billion

• $1 billion

• $5 billion

• $9 billion

Which other investors are mentioned as potential participants in the Uber investment?

• Sequoia Capital and Andreessen Horowitz

• General Atlantic and Dragoneer

• Benchmark and Greylock Partners

• Tiger Global and Accel