The Wall Street Journal: SoftBank raises its WeWork investment to $4.4 billion

Shared-office space company WeWork Cos. raised an additional $3 billion from Japan’s SoftBank Group Corp. as it continues its efforts to expand globally and grow its membership.

The $3 billion new investment comes in the form of both new shares and through purchasing existing shares.

The new funding comes after SoftBank 9984, +0.27% invested $1.4 billion in the company to jump-start growth across China, Japan, Korea and Southeast Asia. The SoftBank Vision Fund raised $93 billion in May and has placed a number of bets in recent months, aimed at both established market leaders and startups.

In connection with the investment, two SoftBank directors will join WeWork’s board.

>>> Original Source <<<