WeWork's value plummeted more than 80% to below $5 billion last quarter, SoftBank says
In a footnote, the fund's managers pegged WeWork's value at under $5 billion. That figure excludes SoftBank's accelerated $1.
5 billion investment and Vision Fund I's exchange of its interests in all regional joint ventures outside of Japan for shares in WeWork at $11.60 a share.Vision Fund I posted an $8.8 billion investment loss last quarter, the presentation showed. The fund more than halved the estimated value of its $4.3 billion investment in WeWork to $2.1 billion as of the end of September.
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