(Reuters) – U.S. shared office space provider WeWork Cos has secured an additional $3 billion (2.3 billion pounds) in funding from Japan’s SoftBank Group Corp <9984.T>, according to an investor presentation seen by Reuters.
The latest funding was in the form of a warrant, under which SoftBank will pay WeWork $1.5 billion on Jan. 15 and the remaining on April 15.
WeWork in July said it had raised $500 million from investors, including Temasek Holdings <TEM.UL> and SoftBank Group Corp <9984.T>.
SoftBank was in discussions to buy a majority stake in WeWork, a source told Reuters in October.
(Reporting by Vibhuti Sharma in Bengaluru; and Angela Moon; Editing by Arun Koyyur)