SoftBank in talks to take majority stake in WeWork: WSJ

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A logo of U.S. co-working firm WeWork is pictured during a signing ceremony in Shanghai, China April 12, 2018. Picture taken April 12, 2018. Jackal Pan via REUTERS
FILE PHOTO: An employee works behind a logo of Softbank Corp at its branch in Tokyo March 2, 2011. REUTERS/Toru Hanai/File Photo

Japan’s SoftBank Group Corp <9984.T> is in talks to take a majority stake in shared office space provider WeWork Cos, the Wall Street Journal reported on Tuesday, citing people familiar with the talks.

The investment could be between $15 billion and $20 billion and would likely come from SoftBank’s Vision Fund, according to the report.

(Reuters)

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