Relevant:
- SoftBank's Biggest Backers Balk at Planned $16 Billion Acquisition of WeWork
- For SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billion
- WeWork Considers Rescue Plans From SoftBank and JPMorgan As Val Cut To $8bln
- SoftBank seeks to avoid WeWork's liabilities with new investment: sources
- Saudi Arabia, SoftBank plan $100 billion tech fund - one of the world's biggest
2017-08-25 — bloomberg.com
...
SoftBank is sitting on a massive cash pile thanks to a nearly $100 billion technology fund it started with the Saudi Arabian government. The Japanese investment firm has been ramping up deals with tech companies, rankling venture capitalists in the process. VCs worry SoftBank could drive up valuations and create a frothy market.
WeWork's valuation increased to about $20 billion after the latest investments from SoftBank, a person familiar with the matter has said. That made it among the world's five most-valuable tech startups. Parts of the deal had been previously disclosed.
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.