SoftBank’s large investment in Uber is “very likely” to close in the next week, says Arianna Huffington, a member of the ridehailing company’s board. Huffington spoke on the matter during the Wall Street Journal’s D.Live event. Though the details are still being finalized, SoftBank could invest enough to take over 14% of Uber’s shares.
The Softbank investment is so important…Having them on your cap table is very important when they’re also investing in so many of our competitors around the world, – Huffington
SoftBank has invested in ridehailing services all around the world, including Grab and Didi Chuxing.
