TOKYO (Reuters) – SoftBank Group Corp (9984.T) is sounding out Japan’s top three banks to borrow around 300 billion yen ($2.8 billion) to help fund its support of U.S. startup WeWork, three people familiar with the matter said on Thursday.
While official talks haven’t started yet, SoftBank has approached its main bank Mizuho Financial Group Inc (8411.T), as well as Mitsubishi UFJ Financial Group Inc (8306.T) and Sumitomo Mitsui Financial Group Inc (8316.T), the sources said.
All three sources declined to be identified because they were not authorized to speak on the record.
A SoftBank spokeswoman said that a loan was one of its options but nothing had been decided yet. All three banks declined to comment.
SoftBank agreed in October to offer a $9.5 billion lifeline to take control of WeWork.
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