Uber’s famously fractured board of directors managed to come together on Tuesday and unanimously approved an overhaul of its structure, paving the way for a multi-billion dollar investment from SoftBank. In a dramatic leadup to the vote, Kalanick first surprised the board by appointing two new directors to his open seats late on Friday. "Today the Board came together collaboratively and took a major step forward in Uber's journey to becoming a world class public company. Under Dara's leadership and with strong guidance from the Board, we should expect great things ahead for Uber," Kalanick said in a statement. While Kalanick and the Uber board view the proposal as a step forward, it could also bring forth yet another lawsuit and more trouble for the company.

Source: Forbes October 04, 2017 01:46 UTC