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Report: Japan's SoftBank to cut new WeWork investment to US$2B from US$16B

Jan 08, 2019 - SNL Real Estate Daily

Japan's SoftBank Group Corp. is in detailed talks to invest US$2 billion in WeWork Cos. Inc. in 2019, down from the previously reported US$16 billion planned commitment, and will not take a majority stake in the coworking startup, London's Financial Times reported, citing unnamed sources.

The potential investment in WeWork could be announced as soon as this week and will not include the participation of the SoftBank Vision Fund, which is already a key investor in WeWork, the publication ad...