The additional cash would be added to the $1.5bn second tranche of warrant financing agreed by SoftBank and the beleaguered We Company late last year.
Telecommunications and internet group SoftBank is considering a $1bn investment in US-based workspace provider We Company, the Financial Times reported yesterday.
SoftBank, already We Company’s largest investor, had an agreement in place to provide $1.5bn in warrant financing for in April 2020, but may increase the size of the commitment while buying shares at a reduced valuation, people briefed on the matter told the FT.
We Company’s main offering is shared workspace network WeWork, but it had planned to expand…
