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.



BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to