The Wall Street Journal: New SoftBank investment could double WeWork’s valuation to as much as $40 billion

SoftBank Group Corp. is in discussions to invest another giant slug of capital in WeWork Cos., with a deal that would value the shared-office company at $35 billion to $40 billion, according to people familiar with the matter.

Such an investment would roughly double WeWork’s $20 billion valuation, set last August when SoftBank 9984, +2.77%   invested $4.4 billion in the company. It would make the New York firm the second most valuable privately held, venture-backed U.S. startup behind Uber Technologies Inc.

WeWork and SoftBank are talking about a multibillion-dollar investment, though the people caution the discussions are in flux. SoftBank’s $93 billion tech-focused Vision Fund, which led last year’s deal, would also lead this investment, these people said.

Rajeev Misra, who heads the Japanese conglomerate’s Vision Fund, said at a tech conference in London that WeWork was looking to raise money at a $35 billion valuation, Business Insider reported Wednesday. “Maybe it’s overvalued, but I believe they’ll be a $100 billion company in the next few years,” the publication reported Misra as saying.

An expanded version of this report appears on WSJ.com.

Also popular on WSJ.com:

The unexpected winner from the Trump-Kim summit: China.

Starting law firm associate salaries hit $190,000.

Filed in: Top News Tags: 

You might like:

The Wall Street Journal: White House wants to merge federal Labor, Education departments The Wall Street Journal: White House wants to merge federal Labor, Education departments
Key Words: Will detained migrant children be reunited with parents? No one seems to know Key Words: Will detained migrant children be reunited with parents? No one seems to know
MarketWatch First Take: Micron earnings prove the doubters wrong again MarketWatch First Take: Micron earnings prove the doubters wrong again
In One Chart: The smart money is ready to pounce on distressed debt, but investors must beware the risk of ‘total wipeout’ In One Chart: The smart money is ready to pounce on distressed debt, but investors must beware the risk of ‘total wipeout’
The Wall Street Journal: Argentina, Saudi Arabia to join MSCI emerging-markets index The Wall Street Journal: Argentina, Saudi Arabia to join MSCI emerging-markets index
In One Chart: One millennial’s journey from college to $5,000 a month in disposable income In One Chart: One millennial’s journey from college to $5,000 a month in disposable income
The Wall Street Journal: Michael Cohen quits RNC post, criticizes family-separation policy The Wall Street Journal: Michael Cohen quits RNC post, criticizes family-separation policy
One reason why liberals drink more lattes One reason why liberals drink more lattes

Leave a Reply

Submit Comment
© 8545 Stock Investors News. All rights reserved. XHTML / CSS Valid.