SoftBank scales back WeWork investment plans


SoftBank has binned its plans to invest $16bn (£12.5bn) in WeWork choosing instead to commit just $2bn to the flexible office provider.

The Japanese telecoms firm is expected to announce a new deal with WeWork later this week, according to several reports, which would value the global company at $36bn. Half of the money invested would be used to buy shares from existing holders.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue