# Co-Founder of Uber plans to sell 29% of his stake

Published 2018-01-05 · Updated 2026-03-12 · Professional AV on MarketScale
Canonical: https://www.marketscale.com/industries/pro-av/co-founder-uber-plans-sell-29-stake

> Former CEO of Uber, Travis Kalanick, aims to sell 29% of his stake in the industry disrupting ride-sharing app. Kalanick currently holds 10% of the company, and offered to sell up to half of his shares. The deal will net Kalanick around $1.4 billion in the sale to SoftBank Group Corp. and a group of…

Former CEO of Uber, Travis Kalanick, aims to sell 29% of his stake in the industry disrupting ride-sharing app. Kalanick currently holds 10% of the company, and offered to sell up to half of his shares. The deal will net Kalanick around $1.4 billion in the sale to SoftBank Group Corp. and a group of unnamed investors. Once complete, the sale will make Kalanick officially a billionaire for the first time. Last year, Kalanick stepped down as CEO when public controversy and governmental investigations focused on how Uber is operated.

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