The Japanese tech investor will put just $2 billion into WeWork, down from plans to invest $16 billion, according to the Financial Times.
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SoftBank scraps $16 billion WeWork investment in favor of smaller dealSoftBank Group Corp. has scrapped a planned $16 billion investment in shared-office space provider WeWork Cos., opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners, according to people familiar with the matter.
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SoftBank Scraps $16 Billion Plan to Buy Most of WeWorkSoftBank Group has halted a planned $16 billion investment in shared-office space provider WeWork, opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners.
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SoftBank plans to give WeWork another $2 billionA major WeWork investor plans to inject $2 billion more funding into the coworking company.
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WeWork is changing its name to 'The We Company' as SoftBank invests $2 billionWeWork's rebrand is part of the company's goals to push beyond providing desk space, and to expand into creating residential and educational units.
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It took a day for WeWork's CEO to recover from the shock of a $16 billion SoftBank investment falling apart, but he quickly salvaged $2 billionAfter hearing a $16 billion investment had fallen apart, CEO Adam Neumann was reportedly able to salvage $2 billion by refusing to accept the deal was completely dead.
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Vale stock plunges after Brazil disaster; $16 billion in market cap erasedBrazilian miner Vale SA's shares plunged on Monday, wiping out nearly 62 bi...
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