The Japanese tech giant has invested £3.4bn into WeWork, which is one of London’s most popular co-working space providers.
WeWork has announced an agreement for a US$4.4bn (£3.4bn) investment from SoftBank and the SoftBank Vision Fund.
This investment will accelerate WeWork’s ability to connect more people to WeWork's global community, which currently stands at approximately 150,000 members, as well as further expand WeWork’s physical presence across the globe.
“Masayoshi Son is a visionary business leader and we are humbled by this strong endorsement of our mission and purpose,” said Adam Neumann, co-founder and CEO of WeWork.
“This support from SoftBank and the Vision Fund will provide even more opportunities for creators as we set out to humanise the way people work and live.”
Masayoshi Son, chairman and CEO of SoftBank, said: “WeWork is leveraging the latest technologies and its own proprietary data systems to radically transform the way people work.
“Adam’s unique vision and talented team have created a sharing platform that offers maximum flexibility and opportunity to creators of all types, from young entrepreneurs to large multinational companies.
“We are thrilled to support WeWork as they expand across markets and geographies and unleash a new wave of productivity around the world.”
It is not yet known what stake SoftBank now owns in WeWork.
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