Uber’s co-founder and former CEO Travis Kalanick is chewing his words right now as he plans to his 29% stake in the company. This is coming after he had in the past boasted that he will never sell his stakes.

Image credit: Carscoops

This deal is expected to fetch him a cool $1.4 billion and some investors have already agreed to buy equity, having valued Uber at $48 billion.
This deal is likely to make him one of the wealthiest people in the world after having been pressured to resign from the CEO position last year after their legal issues and government investigations into how Uber did their business.

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