SoftBank Commits Another $3 Billion to WeWork
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SoftBank Group Corp. is continuing to push money into one of its biggest investments: WeWork Cos.
The New York-based co-working company signed a $3 billion warrant with SoftBank, WeWork said Tuesday in a discussion of its third-quarter earnings. SoftBank agreed to pay $3 billion to WeWork for the opportunity to buy shares before September 2019 at a price of $110 a share or higher, depending on whether WeWork goes public, is acquired or raises a $1 billion round before that date. No matter the outcome, the deal would value WeWork at at least $42 billion, according to the company.