• WeWork is raising $1 billion from SoftBank in a very unusual way

    2 monthes ago - By Business Insider

    WeWork is raising $1 billion in debt from its existing investor SoftBank.
    It's already raised billions of dollars in equity, including $4.4 billion from SoftBank alone.
    WeWork also revealed its financials for the first half of 2018, showing that revenue almost doubled to $712 million.
    Business Insider understands the company is still in talks to raise a new equity round at a $35 billion valuation.
    Shared office startup WeWork is raising a further $1 billion in convertible debt from one of its existing investors, SoftBank.
    The unusual mechanism gives WeWork an immediate cash injection as it...
    Read more ...

     

  • WeWork is raising $1 billion from SoftBank in a very unusual way

    WeWork is raising $1 billion from SoftBank in a very unusual way

    2 monthes ago - By Business Insider

    WeWork is raising $1 billion in debt from its existing investor SoftBank.
    It's already raised billions of dollars in equity, including $4.4 billion from SoftBank alone.
    WeWork also revealed its financials for the first half of 2018, showing that revenue almost doubled to $712 million.
    Business Insider understands the company is still in talks to raise a new equity round at a $35 billion valuation.
    Shared office startup WeWork is raising a further $1 billion in convertible debt from one of its existing investors, SoftBank.
    The unusual mechanism gives WeWork an immediate cash injection as it...
    Read more ...