WeWork's rebrand is part of the company's goals to push beyond providing desk space, and to expand into creating residential and educational units.
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SoftBank plans to give WeWork another $2 billionA major WeWork investor plans to inject $2 billion more funding into the coworking company.
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SoftBank scraps $16 billion WeWork investment in favor of smaller dealSoftBank Group Corp. has scrapped a planned $16 billion investment in shared-office space provider WeWork Cos., opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners, according to people familiar with the matter.
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SoftBank Scraps $16 Billion Plan to Buy Most of WeWorkSoftBank Group has halted a planned $16 billion investment in shared-office space provider WeWork, opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners.
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WeWork needs path to profit, not enlightenmentThe cash-burning office-share outfit – now “The We Company” – wants to “elevate the world’s consciousness.” SoftBank is investing $2 bln more, some at a notional $47 bln valuation. But that’s far less than mooted. Broadening its ambitions as backers shrink theirs is risky.
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