SoftBank is being linked with an investment that could value WeWork at more than $20 billion. CNBC reported that the Japanese telco giant is gearing up to..
SoftBank is being linked with an investment that could value WeWork at more than $20 billion.
CNBC reported that the Japanese telco giant is gearing up to make an initial investment of $2 billion into WeWork, with a view to putting nearly $1 billion more into the firm. The publication said the secondary investment could reach $2 billion, which would put SoftBank’s total input at $4 billion overall.
So far to date, the seven-year-old company has raised $1.4 billion from investors.
A source close to WeWork confirmed that it’s in talks with SoftBank over an investment per the report.
