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CNBC Exclusive: CNBC Excerpts: Uber Co-Founder & CEO Travis Kalanick on CNBC’s “Squawk Box” Today

WHEN: TODAY, WEDNESDAY, APRIL 27

WHERE: CNBC'S "SQUAWK BOX"

Following are excerpts from the unofficial transcript of a CNBC EXCLUSIVE interview with Uber Co-Founder & CEO Travis Kalanick on CNBC's "Squawk Box" today. Following are links to video of the interview on CNBC.com: http://video.cnbc.com/gallery/?video=3000513077, http://video.cnbc.com/gallery/?video=3000513080, http://video.cnbc.com/gallery/?video=3000513082 and http://video.cnbc.com/gallery/?video=3000513089.

All references must be sourced to CNBC.

Kalanick on China:

When you go to China you cannot go there sort of half-hearted you have to go in all in and the opportunity for Uber is to say well if you have a chance to be Amazon and Alibaba at the same time you should most definitely try.

Kalanick on Arianna Huffington:

My board right now the non-common board seats the preferred shareholders they are financial folks I like to say they are chess enthusiasts but actually as a CEO entrepreneur I am a chess, I play chess and I play 60 hours a week and I need a fellow chess master at the board level.

Kalanick on Going Public:

I am your classic founder entrepreneur that's way more into product innovative and building a company than I am thinking about liquidity and so this is about building the company you guys have seen me over the years it's always been that way for me and I've said even on CNBC that we're going to take as long as we possibly can to go public.

Kalanick on Liquidity:

Yes we have a number of investors who have put money in there's a moral obligation to find liquidity right that's part of the deal that's part one part two I have a number of employees who have put heart and soul blood and sweat into making Uber a great company and there's a lot of that is sweat equity so we have to find liquidity at some point but we are five and a half years old and it's a little early in our life cycle to go there.

Kalanick on the Positive Impact of Uber:

For the first time in think in possibly history work is flexible to life and not the other way around and so it's just not about the things I think that Uber is doing on the positive side for cities and making them you know creating jobs, reducing congestion, reducing pollution, reducing drunk driving but it's also changing the way we work in a way that is very very positive for the average worker and I think that's a story we need to get better at telling.

Kalanick on Competition Being Outlawed:

What we see is where ever Uber does well we eventually see resistance it's because we happen to be in an industry that has set things up that essentially competition has been outlawed.

Kalanick on Autonomous Cars:

Technology is happening and so the question for Uber is do we resist the future or do we find a way to become part of it but if we are going to find a way to become part of it if we embrace it then how do you optimistically lead through it how do you partner with cities as that transition happens the fortunate thing is its going to take a while and the fortunate thing is that that transition is going to take a long time and to be honest there's going to be that transition literally could take decades.

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