Fund mulling $4B WeWork investment is Saudi-backed: report

Los Angeles /
Mar.March 07, 2017 09:30 AM

From the New York website: A Japanese fund reportedly in talks to invest up to $4 billion in WeWork is heavily backed by sovereign wealth from Saudi Arabia and other Middle Eastern countries, according to a new report.

The Saudi government invested $45 billion in SoftBank’s $100 billion Vision Fund, and government-tied entities from Abu Dhabi and Qatar are also in talks to invest, the New York Times reported. 

SoftBank is in talks to invest $2 billion in the national co-working company WeWork, along with potential further investment rounds that could bring the total commitment to almost $4 billion. The money would reportedly most likely come from SoftBank’s Vision Fund, which specializes in tech investments.

The Times reported that Abu Dhabi’s Mubadala Development, which owns a stake in the Park Lane Hotel, is mulling a $15 billion investment in the fund.  [NYT]Konrad Putzier


Related Articles

arrow_forward_ios
Joel Schreiber and 801 South Broadway (Google Maps)
WeWork’s first investor in grind on DTLA’s Broadway Trade Center
WeWork’s first investor in grind on DTLA’s Broadway Trade Center
WeWork looks to fill 350K sf of vacant LA office space
WeWork marketing 350K sf of LA office space
WeWork marketing 350K sf of LA office space
Alo Yoga founders Danny Harris and Marco DeGeorge with 9830 Wilshire Blvd (Instagram via DeGeorge, The Vendry)
WeWork signs yoga retailer to 70K sf at Beverly Hills office
WeWork signs yoga retailer to 70K sf at Beverly Hills office
Hudson Pacific Properties CEO Victor Coleman and WeWork CEO Sandeep Mathrani with The Maxwell (Hudson, WeWork)
WeWork drops space at Hudson Pacific’s Arts District building
WeWork drops space at Hudson Pacific’s Arts District building
Pacific Design Center’s Green Building, WeWork’s Elton Kwok, FabFitFun’s Michael Broukim. (Pelli Clarke Pelli Architects, WeWork, FabFitFun)
WeWork keeps focus on larger, “enterprise” tenants
WeWork keeps focus on larger, “enterprise” tenants
Adam Neumann and the “Guitar House” in in Corte Madera (Getty, Realtor)
Adam Neumann gets $22M for California estate
Adam Neumann gets $22M for California estate
925 N. La Brea Avenue with CIM Group’s Shaul Kuba and WeWork’s Sandeep Mathrani (Google Maps, Getty/Illustration by Alexis Manrodt for The Real Deal)
WeWork exits CIM Group’s Hollywood complex
WeWork exits CIM Group’s Hollywood complex
Rober Reffkin and J. Gregory Maffei (Getty, Linkedin, iStock)
Compass poached brokers with bait-and-switch, ex-agent alleges
Compass poached brokers with bait-and-switch, ex-agent alleges
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...