As Unprofitable Unicorns Raise Record Sums, WeWork Turns To Private Investors

Following The We Company’s abortive attempt at an IPO, the parent company of the popular WeWork coworking brand is looking towards its old friends for the cash it needs to stay afloat.

According to the Financial Times, SoftBank is “in talks” to provide more capital to WeWork. Business Insider writes that the Japanese conglomerate and investing impresario are considering providing WeWork with “a $1 billion lifeline.” Given the scale of capital that WeWork consumes, the money is needed. (More on WeWork’s fundraising history here.)