Assuming it doesn't sell any shares at the same time, SoftBank's move would bring its total investment to more than $11 billion.
SoftBank plans to buy $750 million in WeWork shares in the real-estate company's planned public offering, The Wall Street Journal reported. The purchase would represent about 25% of the shares WeWork is planning on selling. The move would up SoftBank's investment in the company to more than $11 billion, assuming it doesn't sell any shares in the offering. The news comes as WeWork is considering going public with a valuation of as little as $10 billion.
SoftBank plans to buy $750 million in WeWork shares in the real-estate company's planned public offering, The Wall Street Journal reported. The purchase would represent about 25% of the shares WeWork is planning on selling. The move would up SoftBank's investment in the company to more than $11 billion, assuming it doesn't sell any shares in the offering. The news comes as WeWork is considering going public with a valuation of as little as $10 billion.
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