Breaking News:

The Final Cut Reviews; Deet n Bax Save th’ World – A Stoner Comedy Starring Jason Mewes, Craig Michaelson and Weston Cage.
Deet n Bax Save the World Movie Starring Jason Mewes Premier on 4/20/2015 in Portland
Feature Film “Deet n Bax Save the World” Starring Jason Mewes to be Released on 4/20/2015 ”Deet n Bax Save the World” an Action Stoner Comedy starring Jason Mewes produced by TruEarth Entertainment.
TruEarth Entertainment to Deliver First Feature Film Starring Jason Mewes
Deet n Bax Save the World Movie – Sex, Guns & Weed!
Deet n Bax Save the World wrapped on November 4th!
Deet n Bax Save the World resumes filming this Monday in Portland Oregon!
Deet and Bax Save The World Movie Resumes Filming Soon!
Pound US dollar exchange rate: GBP/USD stalls ahead of key Brexit vote
‘Time’s up white people’ South Africa fast-tracks law change to take land from whites
Macron’s SHAME: French President says ‘sorry’ as he cuts taxes again after more violence
Nelly Sachs: Who was Nelly Sachs – the woman celebrated by the Google Doodle today
Iran’s ‘BLOOD-SOAKED’ secrets: Regime’s HORRIFIC ‘ongoing crimes against humanity’ EXPOSED
Harry Redknapp makes Holly Willoughby CRY after I’m A Celebrity win… reason why revealed
MACRON CRISIS: President to hold EMERGENCY meeting amid deadly street violence
‘BLOCKADE Russian ships’ – ex-US ambassador suggests new tactic to CONTAIN Putin
Melania and Donald Trump to make SHOCK Hollywood appearance in film about Queen’s dog
World War 3 THREAT: China to send TWO warships to CONFRONT US Navy in South China Sea
TECHNOLOGY

WeWork picks up ANOTHER $3B from SoftBank

0 1

WeWork has picked up another $ 3 billion in financing from SoftBank Corp, not to be confused with SoftBank Vision Fund. The deal comes in the form of a warrant, allowing SoftBank to pay $ 3 billion for the opportunity to buy shares before September 2019 at a price of $ 110 or higher, ultimately valuing WeWork at $ 42 billion minimum.

In August, SoftBank Corp invested $ 1 billion in WeWork in the form of a convertible note.

According to the Financial Times, SoftBank will pay WeWork $ 1.5 billion on January 15, 2019 and another $ 1.5 billion on April 15.

SoftBank is far and away WeWork’s biggest investor, with SoftBank Vision Fund having poured $ 4.4 billion into the company just last year.

The real estate play out of WeWork is just one facet of the company’s strategy.

More than physical land, WeWork wants to be the central connective tissue for work in general. The company often strikes deals with major service providers at “whole sale” prices by negotiating on behalf of its 300,000 members. Plus, WeWork has developed enterprise products for large corporations, such as Microsoft, who tend to sign longer, more lucrative leases. In fact, these types of deals make up 29 percent of WeWork’s revenue.

The biggest issue is whether or not WeWork can sustain its outrageous growth, which seems to have been the key to its soaring valuation. After all, WeWork hasn’t yet achieved profitability.

Can the vision become a reality? SoftBank seems willing to bet on it.


Enterprise – TechCrunch

Please like & share:

Related Posts

LEAVE YOUR COMMENTS

Wad News Junior Sponsor

Join us on Facebook and Twitter!

Subscribe To Wad News


Support Wad News Shop Here!

Join Us

Enjoy this blog? Please spread the word :)