SoftBank will invest $ 3,000 million in the US office rental company, which brings its valuation to $ 45 million
The Japanese technology company SoftBank will invest $ 3,000 million in the US to hire Work offices, which increases the company's value to work to $ 45 million.
This makes the company jointly founded by Adam Neumann and the second most expensive start-up in the United States, and one of the largest in the world, behind the Over Over Airbnb.
Softbank, which has already been the largest shareholder of Vivek, through its Vision Vision investment fund, will execute the $ 3,000 million purchase rights in start-up capital in two stages in January and April. 2019, according to Reuters.
The Softbank activity came weeks after the Wall Street Journal reported that the Japanese company had negotiated between $ 15,000 and $ 20 million in WeWork.
These talks continue, so new recapitalization in the short term is not excluded. The Japanese technology company, which announced an IPO of its Japanese mobile telephony subsidiary, expects to enter 20 million euros, invested last year U4 S4,400 million in WEWork.
This donation, made through the Vision Foundation, a fund supported by Saudi Arabia, awarded WeWork 20% and made it its largest shareholder.
Founded in 2010 and in need of funds to finance its international expansion, announced that it is four times adjusted losses in the first nine months of 2018, up to 415 million USD. The office group doubled revenue to $ 1.2 billion.
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