As WeWork’s biggest shareholder, SoftBank has been under scrutiny for its backing of the troubled office-sharing startup, but a recent report suggests that for it to profit off its investment, WeWork would need a much bigger valuation.
SoftBank has directly invested around $7.5 billion in WeWork. That number excludes a planned $1.5 billion investment next year and the $1.6 billion already invested in WeWork’s overseas subsidiaries. The Sanford Bernstein analyst calculates that SoftBank would have made a $7 billion paper profit if WeWork had maintained the $47 billion valuation reported in January.
skleb1234 Would anyone buy weworks stock?
skleb1234 so.......
skleb1234 Sad. No not really.
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: