REPORT: The hyper-acquisitive Japanese telecom SoftBank is going to invest $3 billion WeWork
WeWork
The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion, CNBC reported, citing a source.
SoftBank may increase the size of the secondary investment to nearly $2 billion for a total investment of nearly $4 billion, CNBC added.
SoftBank could not immediately be reached for comment. WeWork declined to comment.
The Wall Street Journal in January reported that SoftBank was considering investing "more than $1 billion" in WeWork.
SoftBank earlier this month announced it was buying the asset-management firm Fortress for $3.3 billion. Three days later, reports emerged that the company was looking to merge Sprint, which it owns, with T-Mobile US.
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