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Uber board paves way for IPO by 2019, moves to allow Softbank to take billion-dollar stake (Business Insider)

October 04, 2017

Business Insider reports the board of directors of human cloud, ride-sharing firm Uber on Tuesday agreed to settle a fractious internal battle, paving the way to a giant initial IPO in two years. The board also agreed to proceed with a deal to give Japan’s Softbank as much as a 17% stake in the San Francisco-based company.