Rumor Has It WeWork Will Receive $3B+ From SoftBank

Rumor got out yesterday Japan’s SoftBank Group is close to making an investment in WeWork.

CNBC reported that  the investment could be worth over $3 billion.

“The investment being discussed is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion. SoftBank may increase the size of the secondary investment to nearly $2 billion, the source said, for a total investment of nearly $4 billion in the shared space real estate startup.

Should the deal be closed, WeWork’s valuation would jump from $16 billion to $20 billion.

You can read CNBC’s full story on WeWork and SoftBank here.