Japan's SoftBank shaken by WeWork, but committing billions

Japan's SoftBank shaken by WeWork, but committing billions

5 years ago
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https://apnews.com/71c58cd3abcf479ba4aecc16b51adc70

TOKYO (AP) — Japanese technology giant SoftBank has committed billions of dollars to bailing out office-space sharing startup WeWork in a daring vote of confidence from its intrepid founder Masayoshi Son.

WeWork's woes are substantial enough that some analysts say they could derail the investment ambitions of SoftBank's mammoth Vision Fund.