SoftBank agreed to invest another $1 billion in WeWork through a convertible note, the co-working company said Thursday. The announcement comes a year after SoftBank invested $4.4 billion in WeWork and its overseas affiliates at a reported $20 billion valuation. WeWork can use the money: it lost $723 million in the first half of the year alone while making $764 million in sales, Bloomberg reported. The co-working company previously recorded a loss of $933 million […]
source https://therealdeal.com/2018/08/10/back-for-more-softbank-invests-another-1b-in-wework/
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