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Deals Rumor Mill: Uber, Sun Capital, Air India

By Adam Rhodes (January 5, 2018, 5:14 PM EST) -- The former CEO of the embattled ride-hailing app Uber Technologies Inc. has agreed to sell roughly 29 percent of his stake in the company he helped found to SoftBank Group Corp. and an investor group for $1.4 billion, Bloomberg reported late Thursday. The deal, according to the report, would finally make Travis Kalanick a billionaire. The move comes as one of the company's biggest supporters, venture capital firm Benchmark, looks to sell $900 million worth of its stake. Kalanick, who owns 10 percent of the company, according to the report, was forced out of Uber after it was beset by legal fights and government investigations....

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