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The Wall Street Journal: WeWork gets $300 million investment from SoftBank

SoftBank Group Corp. has invested $300 million in shared-office space giant WeWork Cos., part of a sizable bet on a company that has become a favored host of young tech startups, according to people familiar with the matter.

The investment in the seven-year-old New York company is expected to be a prelude to at least two other chunks of funding, together totaling around $3 billion, the people said. Those remaining funds are expected to come from the $100 billion tech-focused investment fund being raised by SoftBank — known as Vision Fund — while the first $300 million came from the Japanese investor itself.

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