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WeWork picks up ANOTHER $3B from SoftBank

WeWork picks up ANOTHER $3B from SoftBank

6 years ago
Anonymous $L9wC17otzH

https://techcrunch.com/2018/11/13/wework-picks-up-another-3b-from-softbank/

WeWork has picked up another $3 billion in financing from SoftBank Corp, not to be confused with SoftBank Vision Fund. The deal comes in the form of a warrant, allowing SoftBank to pay $3 billion for the opportunity to buy shares before September 2019 at a price of $110 or higher, ultimately valuing WeWork at $42 billion minimum.

In August, SoftBank Corp invested $1 billion in WeWork in the form of a convertible note.