Jin Jiang International and Legend Holdings will get exit routes through the deal, which is set to give SoftBank a stake in the workspace provider sized at about 80%.
With news that We Co has withdrawn its IPO filing, we take a look at what the move could mean for corporate venturing going forward.
The additional cash would be added to the $1.5bn second tranche of warrant financing agreed by SoftBank and the beleaguered We Company late last year.
SoftBank-backed workspace provider We Company has filed for an initial public offering in which it reportedly expects to raise up to $4bn.
Cargo shipping services platform Flexport is now valued at $3.2bn following a $1bn round led by SoftBank Vision Fund that will go to technology development and hiring.
The last-mile consumer goods delivery service has almost quadrupled its valuation in under a year, as SoftBank Vision Fund returned for a $400m round.
Didi Chuxing has invested $100m in the hotel platform, allowing Oyo to close a $1bn round led by SoftBank Vision Fund and backed by Grab.
Work and living space provider WeWork will receive warrant financing from Vision Fund at a valuation of at least $42bn through two $1.5bn tranches in 2019.