Co-working is a multi-multi-multi-billion-dollar business, evidently.
WeWork, the company behind co-working spaces throughout the world, just raised $4.4 billion—yes, billion—in a funding round from SoftBank.
Before this massive funding round, WeWork had raised $1.4 billion. Rumors that WeWork could bring on this much funding started spreading in February.
The investment is made up of $3 billion toward WeWork's parent company and another $1.4 billion in local WeWork businesses in China, Japan, and Southeast Asia and Korea, part of which was previously announced. It's from SoftBank, a Japanese telecom giant, and SoftBank's Vision Fund. Read more...
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