Thursday, January 10, 2019

WEWORK CLOSES $6 BILLION INVESTMENT FROM SOFTBANK

NEW YORK, Jan 9 (Bernama-BUSINESS WIRE) -- WeWork today announced it had received a $6 billion investment from SoftBank. $5 billion is in the form of primary growth capital and the remaining $1 billion in secondary capital which will be used to fund share purchases from investors and employees. WeWork’s post-money valuation is now $47 billion.

This investment includes a previously announced $4 billion funding commitment from SoftBank in the form of a $1 billion convertible note and a $3 billion warrant. WeWork and its subsidiaries have now raised more than $10 billion in total commitments from SoftBank since 2017.
http://mrem.bernama.com/viewsm.php?idm=33583

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