1851

SoftBank Group Inc. is considering investing more in the shared workspace segment. <a href="https://www.wsj.com/articles/wework-in-talks-with-softbank-to-double-valuation-to-as-much-as-40-billion-1528923090?utm_source=1851franchise.com&utm_medium=article&utm_campaign=the-wall-street-journal-wework-in-talks-with-softbank-to-double-valuation-to-as-much-as-40-billion-2706854" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">According to The Wall Street Journal</a>, the corporation is discussing a deal with WeWork that would value the shared-office company at $35 to $40 billion. That level of investment would double WeWork&rsquo;s current $20 billion valuation.

WeWork has experienced drastic growth since its founding in 2010, proving that the co-working space industry is a strong one. The brand highlights how its concept &mdash; which is centered around leasing office space &mdash; can operate and be valued like a tech firm. And WeWork is far from the only brand operating in the co-working space. Brands like <a href="https://www.officeevolutionfranchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=the-wall-street-journal-wework-in-talks-with-softbank-to-double-valuation-to-as-much-as-40-billion-2706854" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">Office Evolution</a> are also carving out their own unique niches in the segment. 

Mark Hemmeter, Founder and CEO of Office Evolution, has found success by targeting suburban markets for growth and partnering with franchisees. He says that a possible deal between SoftBank and WeWork that has the potential to double the co-working space company&rsquo;s valuation will be beneficial to the co-working space as a whole. 

&ldquo;I think it&rsquo;s great for the industry. It brings additional awareness of how shared office space will be a leading way to work in the future,&rdquo; said Hemmeter. He also notes that as the industry continues to evolve, Office Evolution will continue moving forward through the franchising business model. He added, &ldquo;Through franchising we have seen the power of local ownership and how it reinforces our culture. Our members are mostly small business owners and that owner-to-owner relationship is very important. Our members do not want to office with big corporations; they want to office with other members of their community.&rdquo; 

<a href="https://www.wsj.com/articles/wework-in-talks-with-softbank-to-double-valuation-to-as-much-as-40-billion-1528923090?utm_source=1851franchise.com&utm_medium=article&utm_campaign=the-wall-street-journal-wework-in-talks-with-softbank-to-double-valuation-to-as-much-as-40-billion-2706854" target="_blank" rel="nofollow" style="text-decoration-line:none" target="_blank">To read the original article, click here</a>.

The Wall Street Journal: WeWork in Talks with SoftBank to Double Valuation to as Much as $40 Billion

1851 Franchise

The potential deal comes as the co-working space trend continues to experience growth.

the-wall-street-journal-wework-in-talks-with-softbank-to-double-valuation-to-as-much-as-40-billion

Comfort Keepers

From Coast to Heartland: Why One Comfort Keepers® Franchisee Keeps Expanding

from-coast-to-heartland-why-one-comfort-keepers-franchisee-keeps-expanding

Filta Environmental Kitchen Solutions

Filta Franchise - David Hoover Franchisee Feature - 1851 Franchise

From Stadiums to Sustainability: How David Hoover Is Scaling Impact With Filta

filta-franchise-david-hoover-scaling-impact

TruBlue Home Service Ally

Be a Community Hero: How TruBlue Franchisees Are Changing Lives Beyond Business

be-a-community-hero-how-trublue-franchisees-are-changing-lives-beyond-business

Caring Transitions

Caring Transitions Wraps Up Record-Breaking Q3 With National TV Launches, Platform Growth and Key Leadership Promotion

caring-transitions-wraps-up-record-breaking-q3-with-national-tv-launches-platform-growth-and-key-leadership-promotion

SweatHouz

SweatHouz SWTHZ Franchise - Hunter and Mallory Mitchem - Franchisee Feature - 1851 Franchise

From Aerospace to Wellness: Hunter Mitchem’s Journey to a SweatHouz Empire

sweathouz-franchise-hunter-mitchem-6g

Buying a Franchise Masterclass

 Franchise Opportunities

Get Support Buying a Franchise

How to Buy a Franchise White Paper

How to Buy a Franchise

How to Sell Franchises

How to Grow a Franchise

Find a Franchise Supplier

1851 Franchise Opportunities

Franchisor News

Franchisor Power Rankings

FranCamp Mastermind Summit

Franchise Development Website Builder

Franchise Resources

What ALEC-Laffer's Report Means for Franchising

Website Awards

Power Rankings

About 1851

Advertise on 1851

Contact 1851 Editorial

Terms of Use

1851 Login

GROWTH CLUB LOGIN

facebook

instagram

twitter

linkedin

youtube

How a Steady Economy Could Help Franchisors Plan Their Next Move

how-a-steady-economy-could-help-franchisors-plan-their-next-move

Bed Bath & Beyond - Franchise Expansion - Retail Strategy - 1851 Franchise

Bed Bath & Beyond Launches Franchise Model as Part of Comeback Strategy

bed-bath-beyond-franchise-expansion-retail-strategy

Senior Entrepreneurship - Franchising - 1851 Franchise

Senior Entrepreneurship Is Rising — And Franchising Is a Key Outlet

senior-entrepreneurship-franchising-silver-startups

U.S. Government Shutdown - Impact on Franchises - 1851 Franchise

Government Shutdown Stalls SBA Loans: How the Shutdown Could Impact Franchises

government-shutdown-impacts-sba-loans-tourism-franchises

Subway Franchisees Resist Expensive Remodel Directives

subway-franchisees-resist-expensive-remodel-directives

Power Eats: Smoothie King Rolls Out Food Nationwide To Fuel Franchise Growth

smoothie-king-food-menu-power-eats

NJCAR v. Ford - New Jersey Supreme Court Limits Standing Under Franchise Practices Act

New Jersey Supreme Court Limits Standing Under Franchise Practices Act

new-jersey-franchise-practices-act-njcar-v-ford

Friendly’s Parent Company Acquired by Multi-Unit Franchisee as More Owners Take the Lead in Brand Acquisitions 

friendlys-parent-company-acquired-by-multi-unit-franchisee-as-more-owners-take-the-lead-in-brand-acquisitions

Top Early Childhood Education and Child Care Franchises for 2025 - 1851 Franchise

Top Early Childhood Education and Child Care Franchises for 2025

early-childhood-education-child-care-franchises

Top Education Franchises To Consider for 2025 - 1851 Franchise

Top Education Franchises To Consider Investing In for 2025

top-education-franchises-investment-opportunities

1851 Franchisee Spotlight graphic with photo of Barb Volk and KidStrong logo

Why This Orangetheory Fitness Franchise Owner Is Developing KidStrong Franchises

kidstrong-franchise-owner-barb-volk-2025

image of franchise deep dive from 1851 franchise on doody calls franchise authority brands

DoodyCalls Franchise Costs, Fees, Profit and Data for 2025

doodycalls-franchise-deep-dive

The Wall Street Journal: WeWork in Talks with SoftBank to Double Valuation to as Much as $40 Billion

MORE STORIES LIKE THIS