SoftBank considers investment of over $1 billion in WeWork: report

The WeWork deal could be among the first from SoftBank's $100 billion technology fund

Sangameswaran S, Bhanu Pratap
Published31 Jan 2017, 06:18 PM IST
WeWork is currently valued at nearly $17 billion and SoftBank’s valuation of the company is expected to be at or above this figure.
WeWork is currently valued at nearly $17 billion and SoftBank’s valuation of the company is expected to be at or above this figure.

Bengaluru: SoftBank Group Corp. is considering an investment of more than $1 billion in office-space sharing start-up WeWork, the Wall Street Journal reported, citing people familiar with the matter.

The deal could be among the first from SoftBank’s $100 billion technology fund, the WSJ said.

SoftBank and WeWork declined to comment.

WeWork is currently valued at nearly $17 billion and SoftBank’s valuation of the company is expected to be at or above this figure, the WSJ said, citing the people.

SoftBank has earlier discussed an investment in WeWork before pulling out, the Journal reported, citing two people familiar with the matter, and added talks may not result in a deal this time.

Some SoftBank executives have raised questions whether the WeWork deal is overvalued, saying a company in the business of office space is far afield from tech-focused investments, the newspaper reported.

SoftBank also recently held discussions with Uber Technologies Inc, though it isn’t clear if an investment is in the pipeline, the WSJ reported. Reuters

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.

MoreLess
First Published:31 Jan 2017, 06:18 PM IST
Business NewsCompaniesSoftBank considers investment of over $1 billion in WeWork: report

Get Instant Loan up to ₹10 Lakh!

  • Employment Type

    Most Active Stocks

    Tata Steel share price

    149.70
    07:18 PM | 1 NOV 2024
    1.05 (0.71%)

    Indian Oil Corporation share price

    145.00
    07:19 PM | 1 NOV 2024
    2.3 (1.61%)

    Tata Power share price

    445.20
    07:19 PM | 1 NOV 2024
    5.15 (1.17%)

    Bandhan Bank share price

    183.65
    07:10 PM | 1 NOV 2024
    1.4 (0.77%)
    More Active Stocks

    Market Snapshot

    • Top Gainers
    • Top Losers
    • 52 Week High

    Rainbow Childrens Medicare share price

    1,545.00
    06:59 PM | 1 NOV 2024
    -67.25 (-4.17%)

    ICICI Securities share price

    833.45
    06:59 PM | 1 NOV 2024
    -32.85 (-3.79%)

    Vijaya Diagnostic Centre share price

    966.70
    06:59 PM | 1 NOV 2024
    -30.35 (-3.04%)

    Narayana Hrudayalaya share price

    1,235.60
    06:59 PM | 1 NOV 2024
    -36.75 (-2.89%)
    More from Top Losers

    Brigade Enterprises share price

    1,244.80
    07:19 PM | 1 NOV 2024
    71.75 (6.12%)

    PCBL share price

    432.15
    07:17 PM | 1 NOV 2024
    21.35 (5.2%)

    Piramal Pharma share price

    281.85
    07:17 PM | 1 NOV 2024
    13.45 (5.01%)

    Jubilant Pharmova share price

    1,273.00
    06:59 PM | 1 NOV 2024
    60.65 (5%)
    More from Top Gainers

    Recommended For You

      More Recommendations

      Gold Prices

      • 24K
      • 22K
      Bangalore
      80,415.00-150.00
      Chennai
      80,421.00-150.00
      Delhi
      80,573.00-150.00
      Kolkata
      80,425.00-150.00

      Fuel Price

      • Petrol
      • Diesel
      Bangalore
      102.92/L0.00
      Chennai
      100.80/L-0.43
      Kolkata
      104.95/L0.00
      New Delhi
      94.77/L0.00

      Popular in Companies

        HomeMarketsloanPremiumMint Shorts