WeWork in Talks With SoftBank to Double Valuation to as Much as $40 Billion

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SoftBank Group Corp. is in discussions to speculate one other large slug of capital in WeWork Cos., with a deal that may worth the shared-office firm at $35 billion to $40 billion, in response to individuals acquainted with the matter.

Such an funding would roughly double WeWork’s $20 billion valuation, set final August when SoftBank invested $four.four billion within the firm. It could make the New York agency the second-most-valuable privately held, venture-backed U.S. startup behind Uber Applied sciences Inc.

Supply hyperlink – https://www.wsj.com/articles/wework-in-talks-with-softbank-to-double-valuation-to-as-much-as-40-billion-1528923090?mod=pls_whats_news_us_business_f

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