Japan's SoftBank Corp is in talks to invest $2 billion in U.S. shared office space provider WeWork Cos Inc, founded by Israeli businessman Adam Neumann, this year.
The sum is much lower than the $16 billion discussed towards the end of last year, the Financial Times reported on Monday.
The deal will now not include the participation of SoftBank’s Vision Fund, which had been a major backer of SoftBank’s existing investment in WeWork, the report said, citing two people briefed on the deal.
Reuters reported in November that loss-making WeWork had secured an additional $3 billion in funding from SoftBank.
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In December, The Wall Street Journal reported that the SoftBank Chief Executive Masayoshi Son was critcized by key investors tied to government-backed funds in Saudi Arabia and Abu Dhabi over the planned investment.