trending Market Intelligence /marketintelligence/en/news-insights/trending/sPHIpJVLyZsnee_3UX2PJw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Report: Temasek, TrustBridge aim for a majority stake in WeWork China

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Report: Temasek, TrustBridge aim for a majority stake in WeWork China

Singapore-based Temasek Holdings (Pte.) Ltd. and Shanghai-based TrustBridge Partners held discussions to take a majority stake in WeWork China, Reuters reported, citing three people familiar with the matter.

The deal would value WeWork China at approximately $1 billion, two people said.

At the end of 2019, Temasek and Trustbridge submitted the proposal to SoftBank Group, a major shareholder in The We Co., to take a combined majority stake in the company by buying more shares, according to one of the people.

If the deal goes through, WeWork China could face a fall in valuation following the investment, but it would also ease WeWork and SoftBank's financial burden, according to Reuters.

The discussions were at an early stage and a deal was not certain, the people added.

WeWork owns 59% of WeWork China, with the remainder held by other investors including SoftBank, Hony Capital and TrustBridge Partners, according to the group's prospectus for its initial public offering.

SoftBank, Temasek and WeWork declined to comment. Trustbridge did not immediately respond to Reuters' request for comment.