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 are the concerns of Benchmark regarding Travis Kalanick's potential return to an executive role?

Describe the proposed auction plan for the investment in Uber and its valuation.