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SoftBank nears deal to invest US$3b in US startup WeWork: CNBC
[NEW YORK] Japan's SoftBank Group Corp is close to finalising an investment in US office-sharing startup WeWork in a deal expected to be worth over US$3 billion, CNBC reported on Sunday.
The investment under discussion is a US$2 billion primary tranche of funding, followed by a secondary round worth more than US$1 billion, CNBC reported, citing a source.
SoftBank may increase the size of the secondary investment to nearly US$2 billion for a total investment of nearly US$4 billion, CNBC added.
SoftBank could not immediately be reached for comment. WeWork declined to comment.