Thursday, April 30, 2020

SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery

SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) in the year ending March on the portion of its WeWork investment held outside the Vision Fund, as the virus compounds woes at one of the firm's biggest bets.


from Reuters: Technology News https://ift.tt/3f7sgMP
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