Домой United States USA — IT Uber-SoftBank deal 'very likely' to be finalized next week

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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