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Uber-SoftBank deal 'very likely' to be finalized next week

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Uber board member Arianna Huffington predicts the closure of the mega-investment is at hand.
Arianna Huffington discusses Softbank’s investment in Uber at the WSJD tech conference in Laguna Beach, California.
SoftBank’s billion-dollar investment in Uber is expected to be finalized « very likely within the next week, » according to board member Arianna Huffington.
Huffington made that prediction during an onstage interview Monday at the WSJD tech conference in Laguna Beach, California. SoftBank plans to acquire a 14 percent to 20 percent stake in the world’s most valuable privately-held tech startup, Huffington said Monday. The deal would include acquisition of shares through a secondary offering from existing shareholders, Huffington said.
« We are waiting at the moment on what is going to transpire with the price, » Huffington said Monday. « It’s all about the price. »
The investment also comes as Uber looks to go public in the next two years.
« This is not a marriage, this is a business, » Huffington said.
Uber didn’t immediately respond to a request for comment.

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