Highlights

Good Articles to Share

Author: Tan KW   |   Latest post: Fri, 18 Jan 2019, 05:43 PM

 

Softbank to invest additional US$2 billion in WeWork

Author:   |    Publish date:


SoftBank Group Corp will inject another US$2 billion in WeWork Cos Inc this year, bringing the Japanese conglomerate's total investment in the office space provider to more than $10 billion, according to two people familiar with the matter.
 
The new investment will value WeWork at $47 billion, one of the sources said. SoftBank will separately convert previously purchased warrants into equity at a valuation of $20 billion, the source added.
 
The new investment, which could be announced as early as Tuesday, will not include any money from Softbank's Vision Fund, according to the second source.
 
Saudi Arabia is the biggest investor in The Vision Fund, which was a major backer of SoftBank's early investments in WeWork and holds stakes in other technology companies, including the Uber ride-hailing service.
 
The new round will bring total Softbank investments in WeWork to about $10.4 billion.
 
Softbank is investing the funds following declines in global stock markets, which have hurt the value of technology shares. Softbank Group's initial public offering of its SoftBank Corp <9434.T>, which was Japan's biggest-ever IPO, fell 15 percent in its trading debut last month, erasing $9 billion in value.
 
The Financial Times reported earlier on Monday that SoftBank was in talks to inject an additional $2 billion into WeWork. - Reuters 
Share this

  Be the first to like this.
 


 

402  326  492  672 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.22+0.06 
 SAPNRG 0.285-0.005 
 SUMATEC 0.005-0.01 
 MYEG 1.01-0.06 
 BARAKAH 0.08+0.02 
 NEXGRAM 0.020.00 
 IRIS 0.15+0.005 
 XINGHE 0.045+0.005 
 KNM 0.09+0.01 
 ECONBHD 0.515+0.045 

TOP ARTICLES

1. 火中取栗拼油气(下) 菜鸟必学7招/冷眼 【冷眼专栏】漫漫投资路
2. 当遇上基本面投资法(上) “反向”战略非唱反调/冷眼 【冷眼专栏】漫漫投资路
3. Stocks on Radar - AirAsia Group (5099) AmInvest Research Reports
4. FPI FY19 revenue growth expected to hit 15% FPI 2大因素前景看好台灣聯友今年再 尋突破
5. [转贴] 真实还原97亚洲金融风暴,韩国从暴富到破产仅用时7天! Good Articles to Share
6. Stocks on Radar - Elsoft Research (0090) AmInvest Research Reports
7. THE PERCEPTION OF P/E or: How I learned to fear my Wife the bursa journey that worked for me. 2000-2019
8. JAKS Resources Berhad - RM25.5m P&L Hit PublicInvest Research
Partners & Brokers