SoftBank sees $8.4 billion net loss on WeWork writedown

SoftBank sees $8.4 billion net loss on WeWork writedown

4 years ago
Anonymous $9CO2RSACsf

https://www.reuters.com/article/us-softbank-group-results/softbank-sees-8-4-billion-net-loss-on-wework-writedown-idUSKBN22C011

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, extending the group's expected net loss to 900 billion yen.

SoftBank sees $8.4 billion net loss on WeWork writedown

Apr 30, 2020, 12:17am UTC
https://www.reuters.com/article/us-softbank-group-results/softbank-sees-8-4-billion-net-loss-on-wework-writedown-idUSKBN22C011 >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, extending the group's expected net loss to 900 billion yen.