SoftBank Plans Reduced $2 Billion Investment in WeWork

SoftBank Plans Reduced $2 Billion Investment in WeWorkSoftBank, which has already invested more than $8 billion in WeWork, had discussed taking a controlling position in the co-working startup, potentially spending $16 billion to buy a larger position in the company, said the people, who requested anonymity because the talks are private. Recent declines in tech stocks -- particularly SoftBank’s shares, which are down about 20 percent in the last month -- played a role in the decision to reduce the deal’s scope, one of the people said. SoftBank and WeWork declined to comment on the talks.

Tags: Science, Softbank, WeWork