Uber board curbs ex-CEO's power, sells big stake to SoftBank

SAN FRANCISCO - Uber is curbing the power of former CEO and co-founder Travis Kalanick and taking on Japan's SoftBank Group as a major new investor as the ride-hailing service tries to recover from internal strife and a myriad of legal headaches.

The changes adopted unanimously Tuesday by Uber's 11-member board strip Kalanick and other early investors of the voting power they were originally granted to control the company's direction.