Ex-Uber CEO Travis Kalanick, the same man who once bragged about never selling any of his stake in the company, now plans to sell 29% of his personal Uber shares to SoftBank and several other investors.
And that’s “only” because Uber wouldn’t let him sell more…
Travis reportedly attempted to offer up nearly 50% of his piece of the pie, but had to tone it down due to limits laid out in the contract between Uber and the buyers.
Kalanick has yet to comment on the deal, but after cashing out he’ll have about $1.4B Washingtons to play with…
While we don’t know Travis’s actual motivations for the move, we have a few guesses:
Ya know, same things we’d do with $1.4B.