WeWork is doing increasing amounts of business with SoftBank, which is also its biggest investor

📆 2019/09/14 07:18:00
📰 BusinessInsider

⏱ Reading Time:
15 sec. here
2 min. at publisher
📊 Quality Score:
News: 9%
Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

SoftBank has invested nearly $11 billion in WeWork. Since its took its first stake, it's also become a notable and growing customer of WeWork.

SoftBank, which is WeWork's biggest backer, has also become an increasingly important customer of the commercial real-estate company.

The company also counts Rhône Group, another one of its investors, as a customer. But Rhône accounted for a much smaller portion of WeWork's revenue. WeWork's Powered by We service involves building out and managing office space that other companies own or have leased.

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

royboydc

South Africa South Africa Latest News, South Africa South Africa Headlines

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

'Stop the WeWork deal' — Cramer says the embattled IPO could wreck the stock market rallyWeWork should pull its IPO because the negative sentiment around slashing its valuation could be contagious in the overall stock market, says CNBC's Jim Cramer. “My Precious................Rally” OpenOutcrier
Source: CNBC - 🏆 12. / 72 Read more »