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

📆 9/25/2019 11:15 PM
📰 ChannelNewsAsia

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »