Uber's early investors and ex-CEO set for bumper gains with sales of stock

San Francisco

SEVERAL of Uber's early investors and company leaders are beginning to loosen their grip on the ride-hailing company - and are set to reap big riches in the process.

Travis Kalanick, Uber's former chief executive, has sold nearly one-third of his shares in the privately held company for about US$1.4 billion, according to three people with knowledge of the transaction, who asked to remain anonymous.