Search
 

WeWork Gets $4.4B SoftBank Investment

The privately held coworking giant had a valuation of more than $20 billion as of July, according to the Wall Street Journal.

By Paul Bubny | paulbubny | Updated on August 25, 2017

Interior of office space WeWork’s coworking facility in Manhattan’s Meatpacking District. (Photo: WeWork)

NEW YORK CITY—Coworking giant WeWork Cos. said Thursday it would receive a total of $4.4 billion from Japan-based SoftBank Group and SoftBank Vision Fund. Included in the total are investments in three newly established companies that will expand WeWork’s presence in Asia.

“Masayoshi Son is a visionary business leader and we are humbled by this strong endorsement of our mission and purpose,” says Adam Neumann, co-founder and CEO of WeWork, which occupies more than two million square feet of office space in its hometown of New York City alone. “This support from SoftBank and the Vision Fund will provide even more opportunities for creators as we set out to humanize the way people work and live.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.