27 Feb '17, 8am

Softbank reported to be investing billions in work-space sharing start-up.

Softbank reported to be investing billions in work-space sharing start-up.

The deal is said to be that Softbank will invest an initial $2 billion and may subsequently invest another $2 billion. WeWork is backed by Chinese investor groups Hony Capital, backed b Legend Holdings, and China Oceanwide Holdings among others. Earlier this month Softbank paid $3.3 billion for US private equity company Fortress Investments. Before it paid $32 billion for ARM last year, Softbank had debt of $120 billion and this is thought to have increased since.

Full article: http://www.electronicsweekly.com/news/business/softbank-r...

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