Uber-SoftBank deal �very likely� to be finalized in the next week
The Uber-SoftBank deal is almost done, said Arianna Huffington on stage at WSJ D.Live in Laguna Beach on Monday. When pressed whether SoftBank�s multi-billion dollar investment in Uber could be finalized within the week, the Uber board member replied that it�s �very likely.� She confirmed media reports that the proposed deal would involve both a direct investment in the company at the last private valuation and also a secondary transaction, buying out existing shareholders at a yet-to-be-determined discount. Uber is still �waiting on what�s going to transpire in terms of the price,� said Huffington. She added that having SoftBank �on your cap table is very important when they�re also investing in so many of our competitors around the world.� Implying that there could be more acquisitions in ridesharing, she said to �expect to see some consolidation.� Huffington also spoke about the difficult period Uber has faced in the past few months. The company�s work enviro...