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DETROIT >> Uber co-founder and former CEO Travis Kalanick will sell 29 percent of his stake in the ride-hailing service, a person briefed on the deal says.
The sale is part of a transaction with investors that includes SoftBank Group Corp. and would bring Kalanick about $1.4 billion, according to the person, who asked not to be identified.
In the SoftBank deal, due to close this month, the Japanese technology conglomerate will pump about $9 billion into Uber, including $1.25 billion in new shares. SoftBank is acquiring about 15 percent of Uber.
Amazon maintains holiday dominance
Amazon.com Inc. maintained its online dominance in the 2017 holiday shopping season despite increasing competition from Wal-Mart Stores Inc., Target Corp. and Best Buy Co.
Amazon captured 89 percent of online spending among dominant holiday retailers in the five-week period beginning on Thanksgiving, according to an analysis of credit- and debit-card transaction data by Earnest Research in New York. Wal-Mart, which purchased Jet.com in 2016 for $3 billion, remained a distant second at 4.4 percent.
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ON THE MOVE
>> Central Pacific Bank has announced that Tiarre Salima Domen has been appointed to assistant vice president and Pearl City Don Quijote branch manager. Domen has 13 years of financial industry experience, including previously having served as a branch manager for American Savings Bank at Sack N Save in Nanakuli.
>> Cades Schutte LLP has announced that Michele S. Loudermilk is a partner in the firm’s Finance and Real Estate Department. Loudermilk has 25 years’ experience in the legal industry, including 12 years as in-house counsel at one of Hawaii’s largest real estate companies.
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