Monday , November 18 2019
Home / FT Alphaville / WeGiveIn: SoftBank to the rescue

WeGiveIn: SoftBank to the rescue

Summary:
Breaking from CNBC:SoftBank will take control of embattled work space company WeWork, according to people familiar with the matter.SoftBank, led by Japanese billionaire Masayoshi Son, plans to spend somewhere between billion and billion on new equity and existing shares, sources say. Most of the purchases, sources told CNBC, will be in new equity.The deal will value WeWork between .5 billion to billion and could be announced as soon as Tuesday. It is SoftBank itself taking control, not the start-up focused Vision Fund. After the move, SoftBank would then have as much as 70% or more control of WeWork.If true, it will bring the total amount of capital invested in the We Company, née WeWork, to between .8bn and .8bn. All for a valuation of .5bn to bn. Nice one guys.There

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Menzie Chinn writes “New Foreign Direct Investment in the United States”

Global Economic Intersection Analysis Blog Feed writes The Road To Default

Miles Kimball writes The Federalist Papers #2A: John Jay on the Idea of America

Global Economic Intersection Analysis Blog Feed writes Largest Decline In Consumer Comfort Index Since 2008

Breaking from

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *