Softbank Group

SoftBank agrees to $2 billion WeWork investment

WeWork building
Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

SoftBank has agreed to invest another $2 billion into WeWork, per multiple sources and reports. Expect a large percentage of it to be secondary capital — i.e., buying out existing shareholders.

The state of play: There's lots of buzz about how this deal is much smaller than what was originally contemplated, including one 2018 report whereby SoftBank could acquire a majority stake in the co-working space giant.

ParkJockey confirms SoftBank funding

Inside of a parking garage.
Photo by Alexander Hassenstein/Bongarts/Getty Images

ParkJockey on Monday confirmed Axios’s earlier reporting that it’s received funding from SoftBank to acquire two parking operators, with additional capital from Abu Dhabi’s Mubadala.

  • The breakdown: SoftBank is investing in ParkJockey, which in turn is teaming up with Mubadala to acquire Impark and Citizens Parking (parent company of Lanier and other subsidiaries). Owl Rock provided additional debt financing.
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