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Morrison & Foerster and Skadden Arps Slate Meagher & Flom are advising on a deal in which Japanese telecommunications company SoftBank Group is investing $4.4 billion into U.S. workshare space company WeWork.

The deal comprises two separate investments, with $3 billion being used to buy new and existing WeWork shares. A further $1.4 billion will go to three newly created companies to fund WeWork’s expansion in China, Japan, Southeast Asia and Korea.

MoFo is advising SoftBank with a team led by San Francisco corporate partner Susan Mac Cormac, London M&A partner Gary Brown, Hong Kong based private equity partner Marcia Ellis and Tokyo corporate M&A partner Ken Siegel.

Skadden is acting for WeWork with a team led by Boston head of M&A Graham Robinson, M&A partner Laura Knoll, corporate finance partners Stacy Kanter and Ryan Dzierniejko, executive compensation and benefits partner Regina Olshan, intellectual property and technology partner Bruce Goldner and tax partner Moshe Spinowitz.

A separate Skadden team is advising on the investment of the additional $1.4 million and is being led by corporate finance partner Will Cai, partner Mitsuhiro Kamiya and M&A partner Leif King.

The investment follows Softbank’s acquisition of UK smartphone chip designers ARM for £24 billion ($31.03 billion). MoFo advised the Japanese company on that deal with a team headed up by Siegel.

In July, MoFo was among the advisers on the $11.6 billion takeover of Singapore-based warehouse operator Global Logistic Properties (GLP) by a consortium of Chinese investors.

MoFo saw its financial performance dip in its latest financial results with gross revenue falling 3.5 percent to $945 million, while revenue per lawyer dropped 4.8 percent to $990,000.

Despite the firm’s equity partner headcount falling to 232, a 4 percent decline from 2015, profit per equity partner (PEP) also decreased 9.3 percent to $1.41 million.

WeWork currently has 23 offices in London alone and operates across Europe, North America, South America, the Middle East and Asia.

Morrison & Foerster and Skadden Arps Slate Meagher & Flom are advising on a deal in which Japanese telecommunications company SoftBank Group is investing $4.4 billion into U.S. workshare space company WeWork.

The deal comprises two separate investments, with $3 billion being used to buy new and existing WeWork shares. A further $1.4 billion will go to three newly created companies to fund WeWork’s expansion in China, Japan, Southeast Asia and Korea.

MoFo is advising SoftBank with a team led by San Francisco corporate partner Susan Mac Cormac, London M&A partner Gary Brown, Hong Kong based private equity partner Marcia Ellis and Tokyo corporate M&A partner Ken Siegel.

Skadden is acting for WeWork with a team led by Boston head of M&A Graham Robinson, M&A partner Laura Knoll, corporate finance partners Stacy Kanter and Ryan Dzierniejko, executive compensation and benefits partner Regina Olshan, intellectual property and technology partner Bruce Goldner and tax partner Moshe Spinowitz.

A separate Skadden team is advising on the investment of the additional $1.4 million and is being led by corporate finance partner Will Cai, partner Mitsuhiro Kamiya and M&A partner Leif King.

The investment follows Softbank’s acquisition of UK smartphone chip designers ARM for £24 billion ($31.03 billion). MoFo advised the Japanese company on that deal with a team headed up by Siegel.

In July, MoFo was among the advisers on the $11.6 billion takeover of Singapore-based warehouse operator Global Logistic Properties (GLP) by a consortium of Chinese investors.

MoFo saw its financial performance dip in its latest financial results with gross revenue falling 3.5 percent to $945 million, while revenue per lawyer dropped 4.8 percent to $990,000.

Despite the firm’s equity partner headcount falling to 232, a 4 percent decline from 2015, profit per equity partner (PEP) also decreased 9.3 percent to $1.41 million.

WeWork currently has 23 offices in London alone and operates across Europe, North America, South America, the Middle East and Asia.