WASHINGTON, DC–Japanese company SoftBank is reportedly considering a $3 billion investment in WeWork, according to a report in CNBC Sunday night, which cited unnamed sources.
The investment would consist of two tranches: an initial $2 billion primary tranche and then a secondary round of $1 billion, which could be upsized to $2 billion, according to the CNBC report.
A spokesperson for WeWork told GlobeSt.com that “we have no comment to make on this rumor.”
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
