WeWork

Softbank has now been reported to be mulling an acquisition of a majority stake in WeWork, The co-working startup which stands as the number one player in its field and notably backed with heavy funding already from the Japanese tech giant.

This report comes from the Wall Street Journal which says the investment could total between $15 billion and $20 billion and may likely come from Softbank’s Vision Fund. As of current, talks are not certain with no deal guaranteed.

Softbank has put in over $5 billion of mainly equity funding for WeWork valued at $20 billion from its most previous round although reports made mention of a smaller investment deal which could value the startup at $40 billion.

A deal like this will count as one of the biggest in the startup scene if it goes through and will even top Softbank’s previous deal where it paid $7.7 billion for 15% of Uber in a deal which marked as a very large one in the private startup scene.

Since its start in 2010, WeWork has grown by a super-high margin with well over 200,000 members and more than 5,000 employees spread across 461 locations in 90 cities across 30 countries. The U.S. counts as its biggest market so far with WeWork being the largest occupier of Manhattan office space according to real-estate-services firm Cushman & Wakefield.

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