SoftBank in talks to invest up to $20 bn in WeWork for a majority stake

SoftBank, with its $93 billion Vision Fund, is known for its appetite for big technology investments

Japan’s SoftBank Group Corp (9984.T) is in talks to take a majority stake in shared office space provider WeWork Cos, in what would be one of the largest deals of the past decade’s startup boom, the Wall Street Journal reported on Tuesday.

The investment could be between $15 billion and $20 billion and would likely come from SoftBank’s Vision Fund, WSJ reported, citing people familiar with the talks.

SoftBank is in talks about a major new investment in WeWork, a source told Reuters on Tuesday, adding that it had not been decided if it would be a majority stake.