Uber's CEO planning to sell 29% of its stake's shares

Uber company was not involved in any kind of sale of its shares, but now Uber's co-founder and CEO Travis Kalanick has decided to sell the 29% of its stakes, as told by the people having information on this. Kalanick has got its investors who are accepting to buy the equity having a value of $48 billion. He is ready to reap $1.4 billion with the SoftBank Group Corp.'s transactions.