SoftBank in talks to boost WeWork investment by $1.38b or more, says FT

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LONDON (REUTERS) - SoftBank Group Corp is planning to invest an additional US$1 billion (S$1.38 billion) or more in WeWork, altering a warrant agreement struck before WeWork postponed its IPO plans, the Financial Times reported, citing people briefed on the matter.. Read more at straitstimes.com.

LONDON - SoftBank Group Corp is planning to invest an additional US$1 billion or more in WeWork, altering a warrant agreement struck before WeWork postponed its IPO plans, the Financial Times reported, citing people briefed on the matter.

A new deal would reduce the price per share at which SoftBank acquires WeWork stock, giving it a larger stake in the unprofitable property group, FT said on Wednesday. The investment could unlock more financing options for WeWork, which is in talks for a US$3 billion to US$4 billion loan from a consortium of banks, FT added.

 

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