Announced
Synopsis
SoftBank Group, which provides telecommunication services, to invest $4.5bn in WeWork Companies, which operates as a real estate owners and developers. "SoftBank is a firm believer that the world is undergoing a massive transformation in the way people work. WeWork is at the forefront of this revolution. It is not unusual for the world’s leading technology disruptors to experience growth challenges as the one WeWork just faced. Since the vision remains unchanged, SoftBank has decided to double down on the company by providing a significant capital infusion and operational support. We remain committed to WeWork, its employees, its member customers and landlords," Masayoshi Son, SoftBank Group Chairman & CEO.
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