Other - JUNE 14, 2018

WeWork in talks with SoftBank that could double valuation

by Andrea Zander

SoftBank Group Corp. is in discussions to invest another multibillion-dollar investment into WeWork Cos., with a deal that would value the shared-office company at $35 billion to $40 billion, according to media outlets.

WeWork doubled its revenue last year to $886 million and recently raised $702 million from bond markets.

SoftBank previously invested $4.4 billion with the co-working company through VisionFund.

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