SoftBank

Business
News

SoftBank takes Control Of WeWork; Invest $5 Billion for 80 percent

Japan-based tech giant Softbank has infused $5 billion in new financing into co-sharing workspace company WeWork. In a statement, Softbank said it would provide up to $3 billion for the existing shareholders of WeWork. The deal will see Softbank stake increasing to 80 per cent in the company.SoftBank will also accelerate an existing commitment to […]

Read More
Business

WeWork valuation drops to $20 billion,nearly half of it’s current valuation

Earlier this year, WeWork could become a $65 Billion company as quoted by Goldman Sachs Group Inc bankers. WeWork could end up being valued at less than half of what it is currently “worth” when it ends up going through with its much-watched IPO.  By Thursday, Wall Street was putting a new value on WeWork: […]

Read More
Close Bitnami banner
Bitnami