SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery
https://www.reuters.com/article/us-softbank-group-results/softbank-writes-down-wework-by-6-6-billion-compounding-portfolio-misery-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, as the virus compounds woes at one of the firm's biggest bets.
SoftBank writes down WeWork by $6.6 billion, compounding portfolio misery
Apr 30, 2020, 5:20am UTC
https://www.reuters.com/article/us-softbank-group-results/softbank-writes-down-wework-by-6-6-billion-compounding-portfolio-misery-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, as the virus compounds woes at one of the firm's biggest bets.