WeWork has received yet another multibillion-dollar investment from SoftBank, and while the number may be smaller than the company`s CEO hoped, it is enough to kick-start a new era for the company.
On Tuesday, the coworking giant announced the closure of a $6B investment from SoftBank, $4B of which had previously been disclosed. The new $2B is a far cry from the $16B deal that would have seen the SoftBank Vision Fund buy out all other outside investors, a transaction that was scuttled due to a plunge in the Japanese investment bank`s stock at the end of 2018, Fast Company reports...
...moreRSK: We Work has formed a parent umbrella company called WE! How convenient.
Ken Notes: I wish we could put together a little more class A coworking space in the downtown footprint for lobbyists, consultants, and entrepreneurs. -- I would actually love to manage a space like this for professionals...
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- - Volume: 7 - WEEK: 3 Date: 1/15/2019 8:41:51 AM -