SoftBank Group Corp has invested $300 million in shared-office space company WeWork, the first installment of a multi-billion-dollar bet, according to a source familiar with the matter.
SoftBank, the Japanese telecommunications and internet company, has made bold and wide-ranging bets in the technology industry, including India ride-service company Ola, San Francisco-based financial services startup SoFi and Virginia-based satellite communications startup OneWeb.
The WeWork investment is just the first tranche of a much larger funding round that is expected to total about $3 billion, according to the person familiar with the matter, who spoke on condition of anonymity.
Read more: The Indian Express
