Monday , May 16 2022

WeWork is the second most valuable enterprise in the US after Uber



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Japanese technology company SoftBank, the company

Japanese technology SoftBank To invest US $ 3,000 million American office rental wework, a rising operation valuation of coworking up to US $ 45,000 million.

Thus, he founded and managed the company Adam Neuman positioned as The second most valuable start in the United States – and one of the biggest in the world- On Uber and Airbnb.

SoftBank, now the largest shareholder of WeWork through the mutual fund Vision Fund, will fulfill the order of US $ 3,000 million (purchase rights) for start-up capital in two phases in January and April 2019, Reuters W e by.

The SoftBank operation comes weeks after the Wall Street Journal reported that the Japanese company negotiated to invest between $ 15,000 and $ 20,000 million in WeWork.

The newspaper said on Monday that these talks are continuing.It has not been decided to inject new short-term funds.. The Japanese technology company, which is a Japanese mobile phone subsidiary and announced that it expects to enter more than US $ 20,000 million, has invested $ 4,400 million in WeWork last year.

This contribution was made through the Vision Fund, the largest shareholder in Saudi Arabia supported by 20% of WeWork.

WeWork was founded in 2010 and needs funding to finance its international expansion, Yesterday, in the first nine months of 2018, the company has quadrupled the adjusted losses up to US $ 415 million. The office group doubled revenues and reached $ 1.2 billion.

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