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WeWork Rebrands As The We Company Amid $6 Billion Softbank Round

Co-working space provider WeWork has announced a revamp of its corporate structure, bringing all of its business ambitions under one unit, The We Company which now houses three main brands - WeWork, WeLive and WeGrow amid the close of a $6 billion round from Softbank, $5 billion in form of primary growth capital and the remaining $1 billion in secondary capital at a $47 billion valuation.

This round includes a previously announced $4 billion funding commitment from SoftBank in the form of a a $3 billion warrant and $1 billion convertible note, placing Softbank's new investment at $2 billion in-line with previous reports.

“Through the extended WeWork network and the Meetup community, The We Company now touches approximately 5 million people around the world, with the funding to reach millions more. We’re driven by the impact we know we can have when we all work together with a shared intention. I am grateful to our employees, members, and our incredible partner in SoftBank for the…

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