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

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

4 years ago
Anonymous $9CO2RSACsf

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.

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