Matt Levine, Columnist

WeWork Gets Less Money, Shorter Name

Also tokenized shares, fintech toilets and tax immortality.

January 8, 2019 at 11:55 AM EST

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

WeFoosball.
Photographer: Luke MacGregor/Bloomberg

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Not too long ago there was talk that SoftBank Group Corp., along with its associated Vision Fund, was going to make a giant investment in office unicorn WeWork Cos. at a $40 billion-ish valuation. That is no longer the case: Now “SoftBank is in detailed negotiations to inject $2bn into WeWork this year,” down from $16 billion (“which would have been the largest ever in a tech start-up”), and the Vision Fund is no longer involved. Also this is weird:

The New York Times elaborates:

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