WeWork

WeWork talks with SoftBank have evolved

WeWork CEO Adam Neumann
WeWork co-founder and CEO Adam Neumann. Photo by Kelly Sullivan/Getty Images.

The Wall Street Journal last night reported that SoftBank Vision Fund is "in discussions to take a majority stake in WeWork," the co-working space giant in which SoftBank last year acquired a 20% stake for $4.4 billion.

The bottom line: Sources say that the two sides remain in negotiations over a new investment, but that control is off the table (at least for now).

Report: SoftBank in talks for majority stake in WeWork

Photo of a WeWork sign on one of its New York buildings.
WeWork in NYC's Financial District. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images

SoftBank is in talks to invest between $15 billion and $20 billion for a majority stake in office co-working company WeWork, according to the Wall Street Journal.

Why it matters: WeWork, which already raised $4.4 billion from SoftBank and its $93 billion fund last year, would be one of the firm's biggest investments. The move also raises questions as to why WeWork would want to cede so much control to one investor.

WeWork declined to comment.