{"id":1004188873,"date":"2017-08-29T03:22:33","date_gmt":"2017-08-29T11:22:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004188873"},"modified":"2022-12-08T19:41:02","modified_gmt":"2022-12-09T03:41:02","slug":"wework-scores-4-4b-investment","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wework-scores-4-4b-investment\/","title":{"rendered":"WeWork Scores $4.4B Investment"},"content":{"rendered":"

By Barbra Murray<\/em><\/p>\n

\"WeWork<\/a>

WeWork Boston, South Station Reception<\/p><\/div>\n

WeWork Cos. just reeled in the kind of mega-monetary commitment startups dream of. The collaborative workspace provider announced that Tokyo-based multinational telecommunications Softbank Group and the Softbank Vision Fund will invest $4.4 billion in the company.<\/p>\n

\u201cThis support from SoftBank and the Vision Fund will provide even more opportunities for creators as we set out to humanize the way people work and live,\u201d<\/em> Adam Neumann, co-founder & CEO of WeWork, said in a prepared statement.<\/p>\n

WeWork\u2019s parent company will receive $3 billion through the investment in new shares and a secondary purchase of existing shares. Another $1.4 billion will be directed toward three recently launched companies that will finance WeWork\u2019s growth plan in Asia: WeWork China, WeWork Japan and WeWork Pacific, covering Southeast Asia and Korea.\u00a0<\/p>\n

The gargantuan investment will not only bolster WeWork\u2019s geographical expansion, but it will allow the company to link more people to its 150,000-member-strong global community as well.<\/p>\n

Morrison & Foerster LLP is representing SoftBank Group Corp. in connection with this transaction. The advising team is led by Susan Mac Cormac, San Francisco Corporate partner, along with Gary Brown, London partner, Hong Kong-based Marcia Ellis and Ken Siegel, Corporate M&A partner in MoFo\u2019s Tokyo office.<\/p>\n

Always growing<\/h2>\n

WeWork\u2019s portfolio of shared workspace offerings has been on a steady upswing. New additions this year include a 60,600-square-foot space at 650 California St. in San Francisco, where the company inked a 12-year lease. This summer, WeWork expanded in Manhattan<\/a>, with a new 85,000-square-foot co-working office space at Trinity Centre.<\/p>\n

Image courtesy of WeWork<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

SoftBank Group and the SoftBank Vision Fund will purchase new shares in the collaborative workspace company, while also financing its growth in China, Japan, Southeast Asia and Korea. <\/p>\n","protected":false},"author":969,"featured_media":1004188874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,16,21783,23891,21742,21747],"tags":[37402,33678],"class_list":["post-1004188873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-international","category-investment","category-national","category-latest","category-office","tag-morrison-foerster","tag-wework"],"acf":[],"yoast_head":"\nWeWork Scores $4.4B Investment - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wework-scores-4-4b-investment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WeWork Scores $4.4B Investment\" \/>\n<meta property=\"og:description\" content=\"SoftBank Group and the SoftBank Vision Fund will purchase new shares in the collaborative workspace company, while also financing its growth in China, Japan, Southeast Asia and Korea.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wework-scores-4-4b-investment\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-29T11:22:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:41:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/08\/WeWork-Boston-South-Station-Reception.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wework-scores-4-4b-investment\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wework-scores-4-4b-investment\/\",\"name\":\"WeWork Scores $4.4B Investment - 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