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SoftBank nears deal to invest $3 billion in U.S. startup WeWork: CNBC

Reuters
A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter

(Reuters) - Japan's SoftBank Group Corp (9984.T) is close to finalizing an investment in U.S. office-sharing startup WeWork in a deal expected to be worth over $3 billion, CNBC reported on Sunday.

The investment under discussion is a $2 billion primary tranche of funding, followed by a secondary round worth more than $1 billion, CNBC reported, citing a source.

SoftBank may increase the size of the secondary investment to nearly $2 billion for a total investment of nearly $4 billion, CNBC added.

SoftBank could not immediately be reached for comment. WeWork declined to comment.

(Reporting by Ismail Shakil in Bengaluru; Editing by Cynthia Osterman)