WeWork wins $4.4bn injection from Japan’s SoftBank .
WeWork, the New York start-up that helped pioneer the concept of shared office space, has won a $4.4bn (£3.4bn) vote of confidence from two huge investment groups. SoftBank, the Japanese telecoms and technology giant, is buying a stake worth $3bn in the US firm. The investment follows a previously announced $1.4bn injection by SoftBank to fund WeWork’s Asian expansion.
Some of the investment is being made through its Vision Fund. The fund is an investment vehicle focused on emerging technology that is also backed by entities that include Apple, Foxconn and Saudi Arabia’s sovereign wealth fund. BBC News