San Francisco: Office sharing start-up WeWork announced that Japan’s SoftBank Group has made a $4.4 billion investment in the company.
Since launching in New York seven years ago, WeWork says it has grown into a network with more than 150,000 members at some 160 locations around the world.
WeWork — which offers warehouse-style shared workspace to smaller companies, primarily tech start-ups — expected to use the massive investment by SoftBank to expand its global presence.
“WeWork is leveraging the latest technologies and its own proprietary data systems to radically transform the way people work,” SoftBank Group Chief Executive Masayoshi Son said in a release.
“We are thrilled to support WeWork as they expand across markets and geographies and unleash a new wave of productivity around the world.” — AFP
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