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WeWork Wins $4.4 Billion SoftBank Investment for Expansion

  • Part of the deal will allow some shareholders to cash out
  • Funds go toward previously announced projects in China, Japan
The lobby of WeWork branch in Shanghai.

The lobby of WeWork branch in Shanghai.

Source: Xinhua News Agency via Getty Images
Updated on

WeWork Cos. agreed to a $4.4 billion investment from SoftBank Group Corp. and its Vision Fund, part of an aggressive global expansion plan for the co-working startup.

New York-based WeWork, which rents office space to workers, and Japan’s SoftBank have been formalizing an alliance this summer that includes a $500 million project in China and a joint venture in Japan. Part of the funds will also go toward letting some shareholders of the privately held startup cash out.