Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Japan’s SoftBank Group Corp (OTC:SFTBF) is set to close an investment in WeWork, worth more than $3 billion, according to CNBC. The investment in the collaborative workspace company is part of SoftBank’s initiative to invest over $50 billion in the United States.
If the deal closes, the shared real estate startup would be valued at more than $20 billion. The company was most recently valued at $17 billion from its latest round of funding, after closing deals with Goldman Sachs Group Inc (NYSE:GS), Benchmark, and Hony Capital over the past two years.
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For WeWork shareholders, there is a tender offer for around $44.10 per internal share.
Related Link: What SoftBank's $50 Billion Investment Means For Sprint, Twitter
WeWork’s massive valuation may indicate that the rise of co-working spaces, a clear result of the rise of sharing economy, may be here to stay. WeWork has transformed the dull office into a platform for creators, and is known as the Uber of Office space. The company is aggressively expanding, now with 150 locations in 15 countries.
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Image Creidt: By オメガモン - Own work, CC BY-SA 3.0, via WIkimedia CommonsCrypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.