Travis Kalanick
Founder and former CEO of Uber Travis Kalanick now holds the status of a billionaire. The acquisition of shares made by SoftBank against Uber gives an injection of its own wealth for the former boss of the transport company.
Reported from CNBC, Saturday (20/1/2018), SoftBank is now Uber's largest shareholder. As a result, previous employees in this company was able to get big profits, including Travis Kalanick.
Kalanick, who has not served as CEO since last year, reportedly received US $ 1.4 billion after the deal was completed. This additional fund also helped hoist Kalanick wealth to US $ 4.74 billion according to Bloomberg.
The acquisition of SoftBank made Uber has a valuation value of US $ 48 billion. In addition to providing fund injection, SoftBank also provides liquidity funds for previous employees in order to reduce the tension that feared could disrupt the company's performance.
Earlier, Uber transport network company agreed to release its 15 percent stake to Japanese telecommunications and media company Softbank. The shares purchased by Softbank are from Uber's previous shareholders and investors.
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In December, Softbank completed its tender offer to buy Uber shares with a deal worth US $ 48 billion or equivalent to Rp 648 trillion.
Not only that, as reported CNNMoney, SoftBank also inject capital in the form of fresh funds US $ 1.25 billion for Uber. This purchase will trigger a change in the online transport application company that is currently busy facing criminal charges, lawsuits and complaints against the work culture.
Both companies confirmed the news of the acquisition. Completion of the transaction will be completed in January 2018.