Japan's SoftBank shaken by WeWork, but committing billions

Japan's SoftBank shaken by WeWork, but committing billions

4 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.

Japan's SoftBank shaken by WeWork, but committing billions

Oct 25, 2019, 11:29am UTC
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.