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Sunday, May 9, 2021
8:18:00 AM EAT
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Travis Kalanick said ( about Michael Ovitz ) : "We were looking to raise some money from Ovitz while he was playing it Hollywood style with us. Ovitz was holding out on us while we were fast running out of cash to see if he could get a better deal. After the period of Letter of Intent expired, we told him we were going to look for other investors. Next day WSJ printed a story that Ovitz has sued us for shopping the deal before its expiry. Once you are sued you cannot go to any other investor,"
economictimes Saturday, December 24, 2016 6:44:00 PM EAT