In December, Masayoshi Son, the Japanese billionaire who control SoftBank, promised Donald Trump he would invest $50 billion in the United States.
Last month, The Wall Street Journal reported that SoftBank was considering an investment of “over $1 billion” in WeWork. However, CNBC’s source said that Softbank has increased its interest and cash infusion plans since The Journal first published its story.
When reached for comment by CNBC, a spokesperson for WeWork would not confirm details.
SoftBank did not immediately respond to CNBC’s request for comment.
Over the past two years, WeWork has raised more than $1 billion from firms such as Goldman Sachs, Benchmark and China-based Hony Capital. It is aggressively expanding into new cities, and now has more than 150 locations in 15 countries.
