Kushner Aims to Divest From Startup Cadre
- Plan calls for Cadre to repurchase his stake from trust
- Softbank sought Kushner divestiture before investment
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Jared Kushner is planning to divest from Cadre, the real estate technology startup he co-founded, according to a person familiar with the matter, after the business attracted investment offers that could pose conflicts of interest for the White House aide.
Kushner, who is President Donald Trump’s son-in-law as well as one of his senior advisers, had previously transferred his interest in Cadre to a trust that plans to sell his shares back to the company. He recently listed his stake in federal disclosures as being worth between $25 million and $50 million, and the person said the sale price will be in that range.