Tags: softbank | wework | investment | ft

FT: SoftBank to Slash Planned WeWork Investment

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Monday, 07 January 2019 03:32 PM

SoftBank Corp. is in talks to invest $2 billion in U.S. shared office space provider WeWork Cos. Inc. this year, a much lower amount than the $16 billion discussed towards the end of last year, the Financial Times reported on Monday.

The deal will now not include the participation of SoftBank's Vision Fund, which had been a major backer of SoftBank's existing investment in WeWork, the report said, citing two people briefed on the deal.

Reuters reported in November that loss-making WeWork had secured an additional $3 billion in funding from SoftBank. 

© 2019 Thomson/Reuters. All rights reserved.

   
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SoftBank Corp. is in talks to invest $2 billion in U.S. shared office space provider WeWork Cos. Inc. this year, a much lower amount than the $16 billion discussed towards the end of last year, the Financial Times reported on Monday.
softbank, wework, investment, ft
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2019-32-07
Monday, 07 January 2019 03:32 PM
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