Uber Board Settles Feud, Clearing Way for SoftBank Deal

Uber Technologies Inc. cleared the way for a multibillion-dollar investment led by SoftBank Group Corp. that would transform the corporate structure of the world’s most valuable startup and give the ride-hailing company a powerful ally in its battle against global rivals.

The deal, confirmed Sunday by Uber, took shape after former Chief Executive Travis Kalanick and a major investor, Benchmark, reached an agreement over control of board seats, including putting on hold a lawsuit against the former chief, according to people...