Softbank Is Inward Talks To Invest $15B To $20B Inward Wework For A Bulk Stake

This is nuts! When's the crash?
To coin purloin a phrase.

From Business Insider:

• SoftBank may brand an investment betwixt $15 billion in addition to $20 billion inward WeWork, giving it a bulk stake inward the coworking-space company, according to The Wall Street Journal.
• The discussions are ongoing, in addition to a bargain is non guaranteed.
• SoftBank's technology-focused Vision Fund already made a $4.4 billion investment inward WeWork concluding August, giving it a 20% ownership stake inward the company.

SoftBank is inward discussions nearly investing $15 billion to $20 billion inward WeWork, giving it a bulk stake inward the coworking-space company, according to a Wall Street Journal report on Tuesday.

The bargain — a massive investment inward a person fellowship fifty-fifty past times the dizzying standards of Silicon Valley — would effectively compass Japan's SoftBank command of the fast-growing office-sharing company. 

And it would cement the SoftBank chairman Masayoshi Son's set equally the dominant ability inward the modern tech economy, amongst everything from the semiconductors that ability smartphones to telecommunication networks inward his empire. 

The discussions to invest inward WeWork are ongoing, in addition to a bargain is non guaranteed, according to the Journal report, which cited anonymous sources. Representatives of SoftBank in addition to WeWork did non right away supply Business Insider's requests for comment.

Billions of dollars in addition to lots of skeptics

It's non clear what valuation SoftBank would compass WeWork inward the majority-stake deal. Business Insider reported inward June that Rajeev Misra, the main executive of SoftBank's Vision Fund, told a conference that WeWork was seeking to heighten novel funds at a valuation of $35 billion, upward sharply from its 2016 valuation of $20 billion. He did non order whether SoftBank was participating inward the round. 

WeWork, which was founded 8 years ago, has attracted billions inward upper-case missive of the alphabet to fund its trouble concern plumbing fixtures upward in addition to leasing out edifice infinite equally shared offices. The fellowship has expanded to 22 countries in addition to is on rails to generate to a greater extent than than $2 billion inward revenue this year.... 

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Seriously, Mr. Son in addition to SoftBank may induce got entered the "More money than brains" phase.