SoftBank is planning to double down on WeWork with $1.5 to $2.5 billion dollars

www.ft.com/content/7465729e-dfdb-11e9-b112-9624ec9edc59

SoftBank is in talks with WeWork to increase a $1.5bn investment…

SoftBank is considering promising an extra $1bn or more to change the terms of a warrant agreement it struck this year with WeWork…

A recut deal would see SoftBank invest at least $2.5bn, but would reduce the price per share at which it acquires WeWork stock, giving it a larger stake in the lossmaking property group…

Gotta average down LMFAO. SoftBank is having trouble cutting losses and is getting too greedy.

 

h/t by WallStreetMeme

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