An Uber sign points to drop off and pick up location on a city street in Portland, Oregon March 19, 2016. REUTERS/Mike Blake
Uber Technologies Inc will move forward with a major investment deal from SoftBank Group Corp and approved a slate of governance reforms that will limit the influence of co-founder Travis Kalanick and early backers.
The 11-person board voted unanimously Tuesday to approve sweeping changes to the company’s power structure, the San Francisco-based company said. The plan would expand the size of the board to 17 seats, people familiar with the matter said.
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