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Uber board declares truce; Softbank to join
Board sets autumn 2019 deadline for IPO; two early investors say they would sue to block voting change
Add BT as a preferred sourcePublished Wed, Oct 4, 2017 · 09:50 PM
San Francisco
UBER Technologies Inc's fractured board declared peace on Tuesday, attempting to put months of strife behind it by unanimously passing a series of measures to shore up corporate governance, bring in major investor SoftBank and diminish the power of former chief executive Travis Kalanick.
The agreement could shore up Uber's reputation after a series of scandals and a legal battle between Mr Kalanick and an Uber investor group led by Silicon Valley's Benchmark Capital.
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