SoftBank to block any plan to make Kalanick CEO

Japan-based SoftBank has agreed to block any plans to make Travis Kalanick Uber's CEO or Chairman of the board as part of investment deal with the ride-hailing startup. Venture capital firm Benchmark reportedly sought a guarantee for the same in writing from SoftBank. Notably, Kalanick still retains control of three seats in Uber's board of directors.

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