WeWork just announced that it’s receiving a massive $4.4 billion investment from SoftBank Group and SoftBank Vision Fund.
It’s been less than a month since WeWork announced $500 million in funding for a standalone WeWork China business, which SoftBank participated in. It’s also launching in Japan through a joint venture with SoftBank — so this funding deepens an already-strong relationship between the coworking company and the Japanese giant.
The companies say the funding breaks down to $3 billion invested in WeWork itself (both through a primary investment and a secondary purchase of existing shares) and $1.4 billion in the companies created for WeWork’s expansion in Asia — namely WeWork China, WeWork Japan and WeWork Pacific. (The $1.4 billion includes SoftBank’s previously announced investment in WeWork China.)