WeWork Said to Double Valuation to $10 Billion in New Round

WeWork, which sublets office space to budding entrepreneurs, is raising a new round of capital at a valuation of $10 billion, people with knowledge of the matter said.

That is twice what the startup was worth in its Series D round last December, said the people, who asked not to be identified because the information is private. The financing may be announced as soon as this week, the people said.