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SoftBank in talks to boost US$1.5 billion WeWork investment pledge: FT

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SoftBank Group Corp is holding talks with WeWork to boost a US$1.5 billion investment it had earlier agreed to invest in the U.S. office-sharing ...

REUTERS: SoftBank Group Corp is holding talks with WeWork to boost a US$1.5 billion investment it had earlier agreed to invest in the U.S. office-sharing startup, the Financial Times reported on Wednesday.

SoftBank is planning to pledge an extra US$1 billion or even more to alter warrant agreement terms it struck this year with WeWork, the report said, citing people briefed on the matter.SoftBank would invest at least US$2.5 billion, but would lower the price per share at which it acquires WeWork share, the report added.

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SoftBank in talks to boost WeWork investment by $1.38b or more, says FTLONDON (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.
Source: The Straits Times - 🏆 8. / 63 Read more »