Arianna Huffington, the co-founder, and editor-in-chief of The Huffington Post has reportedly stated that Softbank will \u201cvery likely\u201d finalise its investment deal with Uber by next week. She made this statement while speaking during \u00a0WSJ D.Live in Laguna Beach on Monday. Arianna is also a board member in Uber.\r\nAs shared by her, \u201cThe proposed deal would involve both a direct investment in the company [Uber] at the last private valuation and also a secondary transaction, buying out existing shareholders at a yet-to-be-determined discount.\r\nUber is currently valued at around $70 Bn and with this deal, SoftBank would likely invest $1 Bn-$1.25 reportedly. \u201cUber is still waiting on what\u2019s going to transpire in terms of the price,\u201d said Huffington.\r\nShe also indicated towards an increased probability of witnessing more consolidations. As she added,\u201dhaving SoftBank on your cap table is very important when they\u2019re also investing in so many of our competitors around the world.\u201d\r\nEarlier this month, it was reported that global cab aggregator Uber is on its way to raising massive funding from Japanese investment giant, Softbank. According to some sources, the investment behemoth could spend up to $10 Bn to buy shares from existing investors, in a bid aimed at acquiring a majority stake in the company.\r\nUber has been going through a rough phase since past few months. What started with a series of allegations about the company structure, policies and irrational behavior of the senior management ended with founder Travis Kalanick\u2019s resignation.\r\nHowever, earlier last month Uber again got a new hope with Dara Khosrowshahi, joining in as the new CEO. As Huffington also stated, \u201cDara Khosrowshahi is unflappable. His goal is to get people to love the company and not just the product. Also, Khosrowshahi has a greater focus on cost-cutting, in order to meet the goal of taking Uber public by 2019.\u201d\r\nSoftbank is already a major investor in Indian cab aggregator Ola. Considering the fierce rivalry between Ola and Uber in the Indian market, industry pundits are furiously attempting to predict any kind of consolidation possibility between the two. Softbank\u2019s earlier attempt of Snapdeal-Flipkart matchmaking was a failure. But considering the distressed state Uber is currently in, a failure in Khosrowshahi\u2019s plans to take \u00a0Uber public and build up its brand image can certainly make Softbank change its mind.\r\n\u00a0Will Uber, with the prospective $1.25 Bn investment deal with Softbank, be able to fulfill its dream of bringing an IPO in 2019, will be worth watching.\r\n\u00a0The development was reported by TechCrunch.