Jin Jiang International and Legend Holdings will get exit routes through the deal, which is set to give SoftBank a stake in the workspace provider sized at about 80%.

Telecommunications and internet conglomerate SoftBank agreed yesterday to provide $9.5bn for a rescue package for US-based workspace provider and portfolio company We Company.

The deal will involve $3bn that will go to a tender offer allowing all the other investors to sell their shares, a $1.5bn funding commitment that will be brought forward from April 2020, and $5bn in debt financing.

WeCo’s main product is WeWork, a network of some 530 shared workspaces across the world. SoftBank said it will…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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