SoftBank makes massive investment in WeWork

SoftBank is looking to invest between $3 billion and $4 billion into WeWork. According to a CNBC report, the deal is "close to finalizing". At first, there will be a $2 billion primary tranche, followed by a secondary round worth anywhere between $1 and $2 billion. CNBC also says there is a "tender offer" for WeWork insiders, around $44.10 per internal share. If the deal goes down, WeWork would be valued at more than $20 billion, increasing its value by $3 billion after the last investment round. WeWork’s spokesperson did not want to comment on the reports, while SoftBank is… [Continue Reading]