wework

ISSUE – Feb. 27 | SoftBank set to invest more than $3 billion in WeWork

SoftBank is close to finalizing an investment in WeWork, a source close to the transaction tells CNBC. The deal is expected to be worth over $3 billion.

The investment being discussed is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion. SoftBank may increase the size of the secondary investment to nearly $2 billion, the source said, for a total investment of nearly $4 billion in the shared space real estate startup.

For WeWork insiders, there is a tender offer on the table at around $44.10 per internal share.
If the deal closes, WeWork would be valued at more than $20 billion. The most recent investment into WeWork valued the New York-based company at about $17 billion. [ CNBC ]

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