Japan’s SoftBank and its Saudi Arabia-backed Vision Fund are in talks to invest a further $10bn in office space provider WeWork, in a deal that would provide fresh capital to the lossmaking business and delay a stock market listing.
Negotiations between WeWork and SoftBank’s Vision Fund have been under way for months and initially focused on a smaller investment round led by SoftBank that would have valued the US start-up at up to $40bn.
People close to the matter said those discussions had shifted to talks about a considerably larger investment, which could reach as much as $10bn. The SoftBank investment would be phased over two years, one of these people said.
