SoftBank Investment Boosts WeWork Valuation to $45 Billion

Koki Nagahama/Getty Images SoftBank slashed its pre-bailout valuation of WeWork by 83% in three months to $4.9 billion, according to an investor presentation dated for release on Friday. SoftBank Investment Advisors, which manages the Japanese.....»»

Koki Nagahama/Getty Images SoftBank slashed its pre-bailout valuation of WeWork by 83% in three months to $4.9 billion, according to an investor presentation dated for release on Friday. SoftBank Investment Advisors, which manages the Japanese.....»»

Kim Kyung-Hoon/Reuters SoftBank lost at least $4.7 billion by investing in WeWork after the shared-workspace group's IPO collapsed and its valuation plunged from $47 billion in January to below $10 billion. "My own investment judgment was r.....»»

WeWork is in talks with SoftBank Group regarding a cash infusion that could double WeWork in valuation. The potential deal would value the New York-based office-sharing company at $35 billion to $40 billion, according to The Wall Street Journal. That i.....»»

SoftBank is reportedly pulling back its plans to take a controlling stake in San Francisco-based WeWork Cos. and is slashing its investment to $2 billion, a fraction of its earlier plans, according to a report in the Financial Times. SoftBank was cons.....»»

SoftBank, the majority owner of WeWork, marked down its valuation of the company to $2.9 billion amid the pandemic. A man walks past.....»»

Softbank is taking a $6.6 billion hit on its WeWork investment.  The company's value has sunk drastically in recent months following its failed IPO bi.....»»

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets......»»

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, extending the group's expected net loss to 900 billion yen......»»

Jackal Pan / Getty Images SoftBank slashed its pre-bailout valuation of WeWork by more than 80% to below $5 billion last quarter. The humbling price tag rep.....»»

SoftBank plunged to its first quarterly loss in 14 years on Wednesday, dragged down by an $8.9 billion hit at its giant Vision Fund, as CEO Masayoshi Son admitted poor investment judgment and turning a blind eye to problems at startup WeWork......»»

SoftBank said the loss represented the difference between what it considered the fair value of its wholly owned subsidiary’s stake in WeWork as of the end of September and the price at which SoftBank had purchased that stake......»»

Thomson Reuters SoftBank Group recorded an eye-watering quarterly loss of $6.5 billion early Wednesday, spurred by some of it biggest tech invstments like Uber and WeWork.  The Japanese investment giant last month spent over $10 billion bailing&nbs.....»»

SoftBank recently announced it will take control of WeWork in a move expected to value the company at about $8 billion, according to the Wall Street Journal. But WeWork wasn't SoftBank's Masa Son's first risky investment. Uber.....»»

The deal values WeWork at about $8 billion, well below the $47 billion valuation at which SoftBank last invested......»»

SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control......»»

SoftBank Group Corp has agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday......»»

SoftBank Group Corp agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday......»»

WeWork’s board is expected to meet tomorrow to weigh emergency-financing options including a takeover by SoftBank Group Corp. that would slash the co-working company’s valuation to about $8 billion and alleviate a looming cash crunch......»»