The corporate and the Vision Fund it manages have combined to buy $3bn of new and secondary shares and invest another $1.4bn in three regional WeWork subsidiaries.
Telecommunications firm SoftBank and the $93bn Vision Fund which it manages agreed yesterday to invest a total of $4.4bn in US-based working space operator WeWork.
The two will pay $3bn to acquire a mixture of primary and secondary shares, and will provide $1.4bn in funding for three new regional WeWork subsidiaries in Asia. WeWork has not disclosed which investors sold shares through the deal.
Founded in 2010, WeWork oversees a network of 160 co-working spaces, stretching across 50 cities in…
