Headline Details

SoftBank to write down WeWork by $6.6 billion, compounding portfolio misery

Published on: Thu, 30 Apr 2020 7:04:07 UTC
News Agency: Reuters
Description:
SoftBank Group Corp said it sees a loss of around 700 billion yen ($6.6 billion) for the year ended 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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