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A battle among shareholders over Uber Technologies Inc escalated on Thursday as some investors sought to fight a lawsuit by shareholder Benchmark Capital against ousted chief executive Travis Kalanick.
When Benchmark Capital filed a lawsuit against Travis Kalanick for using allegedly fraudulent means to pack the Uber board with his loyalists, it sent a strong signal that Silicon Valley’s so-called founder-friendly era is coming to an end.
Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, dealing another blow to the firm.
Venture capital firm Benchmark Capital is suing former Uber Chief Executive Officer Travis Kalanick to force him off the board of the ride services company and rescind his ability to fill three board seats.
Infosys Ltd denied a media report that the founders of India's second-biggest software services exporter were looking to sell their entire 12.75% stake in the company.
When mobile gaming firm Netmarble Games debuts, its founder Bang Jun-hyuk will be the only billionaire in South Korea's top-10 wealthiest stock holders with no ties to the chaebol.
A group of Tesla Inc investors has urged the luxury electric car maker to add two new independent directors to its board, without ties to chief executive Elon Musk, to "provide a critical check on possible dysfunctional group dynamics."
Britain's Vodafone Group will merge its Indian subsidiary with local rival Idea Cellular within two years.
Russian President Vladimir Putin ordered an effort to help Republican Donald Trump's electoral chances by discrediting Democrat Hillary Clinton in the 2016 presidential campaign, US intelligence agencies said in an assessment.