Work and living space provider WeWork will receive warrant financing from Vision Fund at a valuation of at least $42bn through two $1.5bn tranches in 2019.
Telecommunications firm SoftBank’s Vision Fund has agreed to invest another $3bn in one of its biggest portfolio companies, US-based workspace provider WeWork, it revealed yesterday through an investor presentation.
WeWork will receive the first $1.5bn in January 2019 and the other half in April, and the financing will be supplied in the form of warrants that give Vision Fund the opportunity to buy WeWork stock at $110 a share or higher by September the same year.
The exact price will…
