SoftBank nears deal to invest US$3b in US startup WeWork: CNBC
[NEW YORK] Japan's SoftBank Group Corp is close to finalising an investment in US office-sharing startup WeWork in a deal expected to be worth over US$3 billion, CNBC reported on Sunday.
The investment under discussion is a US$2 billion primary tranche of funding, followed by a secondary round worth more than US$1 billion, CNBC reported, citing a source.
SoftBank may increase the size of the secondary investment to nearly US$2 billion for a total investment of nearly US$4 billion, CNBC added.
SoftBank could not immediately be reached for comment. WeWork declined to comment.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
UBS weighs synthetic risk transfer amid capital boost proposals
Money laundering accused Zhang Ruijin slapped with 5 more charges days before scheduled guilty plea
Japanese yen slides back towards 34-year low after brief spike
China’s Bank of Communications Q1 profit rises 1.44%
HSBC’s private bank shuts independent asset management business in HK, Singapore
Nomura Q4 net profit jumps almost eight-fold on retail income surge