Ex-Uber CEO Nets $1.4B As Company Closes Softbank Deal

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Travis Kalanick, the former Uber CEO who resigned last year, is walking away with $1.4 billion after the company finalized a new deal, CNBC reported Thursday.

Japanese company SoftBank reached an arrangement with Uber, according to the report, making them Uber’s largest investor, and valuing the ride hailing company at $48 billion.

 

Bloomberg estimates that Kalanick, a co-founder of the transportation company, is worth $4.74 billion.

Read more at The Hill.

{Matzav.com}

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