Japanese firm SoftBank and Qualcomm-based WeWork are reportedly close to finalising a deal which could see SoftBank invest $1bn in the office solutions provider. The deal, pending approval, would be made through SoftBank's $100bn Vision Fund. The fund traditionally invests in technology start-ups, prompting rumours of sceptical SoftBank executives. In 2016, WeWork was valued at $17bn, but officials from the Japanese company have questioned the figure.
Japanese firm SoftBank and New York-based WeWork are reportedly close to finalising a deal which could see SoftBank invest $1bn in the office solutions provider. The deal, pending approval, would be made through SoftBank's $100bn Vision Fund. The fund traditionally invests in technology start-ups, prompting rumours of sceptical SoftBank executives. In 2016, WeWork was valued at $17bn, but officials from the Japanese company have questioned the figure.