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Jeremy Fennema – Tech Innovation Alchemist
Rumor got out yesterday Japan’s SoftBank Group is close to making an investment in WeWork.
CNBC reported that the investment could be worth over $3 billion.
“The investment being discussed is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion. SoftBank may increase the size of the secondary investment to nearly $2 billion, the source said, for a total investment of nearly $4 billion in the shared space real estate startup.
Should the deal be closed, WeWork’s valuation would jump from $16 billion to $20 billion.
You can read CNBC’s full story on WeWork and SoftBank here.
