WeWork, the office rental company recently valued at $16 billion, is raising $300 million in new funding, according to a legal filing obtained by Axios through CB Insights, an investment database. The company's new valuation is slightly higher than when it last raised funds in March 2016: $51.81 a share, up from $50.19.

The Wall Street Journal reported on Monday, citing anonymous sources, that SoftBank has invested $300 million in WeWork as part of its upcoming Vision Fund, though documents reviewed by Axios do not name any backers. WeWork declined to comment.

Real estate ambitions: Earlier this month, WeWork also filed a document related to an upcoming investment vehicle to purchase real estate, something the company hasn't done before (it signs long-term leases for the buildings in which it operates). WeWork declined to comment on the filing, but it lists several managing directors from private equity firm Rhone Group, including at least two who specialize in real estate according to their LinkedIn profiles.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11:30 p.m. ET: 30,674,077 — Total deaths: 955,440— Total recoveries: 20,908,811Map.
  2. U.S.: Total confirmed cases as of 11:30 p.m. ET: 6,764,803 — Total deaths: 199,258 — Total recoveries: 2,577,446 — Total tests: 94,211,463Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: The dwindling chances of eliminating COVID-19.
  5. World: Guatemalan president tests positive for COVID-19 — The countries painting their pandemic recoveries green.
Updated 5 hours ago - Technology

Trump agrees to TikTok deal

Illustration: Sarah Grillo/Axios

President Trump on Saturday said he approved "in concept" a deal whereby TikTok will be allowed to continue operating in the U.S., with Oracle as its "trusted technology partner."

Why it matters: TikTok has nearly 100 million U.S. users, and is still growing fast. Trump has threatened to ban it, due to data privacy concerns related to TikTok's ownership by Chinese tech company.

Updated 6 hours ago - Politics & Policy

Trump says Supreme Court nominee "will be a woman"

President Trump speaking prior to his departure from the White House on Sept. 19. Photo: Sarah Silbiger/Getty Images

President Trump said during a Fayetteville, North Carolina, rally Saturday he'll announce a nominee for Justice Ruth Bader Ginsburg's vacant Supreme Court seat "next week" and "it will be a woman."

Details: Trump told reporters earlier, "The choice of a woman, I would say, would certainly be appropriate."