SoftBank rescue plan would bring WeWork’s valuation to $8B

SoftBank is considering a financing package to save WeWork that would value the embattled office-space company at $8 billion, according to Bloomberg. It is a stunning drop from WeWork’s $47 billion valuation set in January by SoftBank, at the time of its last cash infusion. The Japanese conglomerate owns about a third of the company and has already invested more than $10 billion. Since its failed IPO, which it pulled in September, WeWork now faces

source https://therealdeal.com/national/2019/10/18/softbank-rescue-plan-would-bring-weworks-valuation-to-8b/

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