SoftBank's Vision Fund invested $4.4 billion in WeWork

SoftBank Group's Vision Fund invested an additional US$4.4 billion in funds to the WeWork shared-office. Masayoshi Son gave additional money to the company founded by Adam Neumann and Miguel Mckelvey to boost global expansion. WeWork said on Thursday the investment was SoftBank going through new shares and the parent company's acquisition of shares.

Tinuku SoftBank's Vision Fund invested $4.4 billion in WeWork

The New York-based startup set up in 2010 said SoftBank Director and Deputy Chairman Ronald Fisher and External Director Mark Schwartz will join the WeWork board as part of the deal.

"SoftBank CEO Masayoshi Son is a visionary business leader and we feel humbled by the support of our strong mission.This support from SoftBank and Vision Fund will give us more opportunities to humanize the way people work and live," Neumann said.

SoftBank has made a US$1.4 billion investment in WeWork to fund expansion in China, Japan, South Korea and elsewhere in Southeast Asia getting increasingly similar startup pressures by URWork supported by Alibaba's Ant Financial and Sequoia Capital.

Vision Fund has raised more than US$93 billion to invest in technology companies such as artificial intelligence and robotics supported by billionaire Son. WeWork already has more than 150,000 members in 160 locations in 16 countries.

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