Even if he had restrictions, I would expect the current board / management to waive such restrictions to entice him to sell in the tender, particularly since th

Even if he had restrictions, I would expect the current board / management to waive such restrictions to entice him to sell in the tender, particularly since there was a floor to Softbank's tender offer. Travis' stake filled a lot of that floor. Removing some of his voting power to replace it with an active investor is a nice bonus, too.