Global provider of shared workspaces WeWork Cos. announced on Wednesday that it has received a $4.4 billion investment from Japanese telecom giant SoftBank's (SFTBF) Vision Fund, the investment fund founded by its chairman and billionaire Masayoshi Son.
The investment allows WeWork to "connect more people" to its global network, which currently boasts approximately 15,000 members, the company said.
"Masayoshi Son is a visionary business leader and we are humbled by this strong endorsement of our mission and purpose," said Adam Neumann, co-founder and CEO of WeWork. "This 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."
Son attested that WeWork was striving to "radically transform the way people work," and that he was "thrilled to support WeWork as they expand across markets and geographies and unleash a new wave of productivity around the world."
WeWork was founded in 2010 and is headquartered in New York City.
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