SoftBank Takes Loss of $4.7 Billion on WeWork Investment

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SoftBank Takes Loss of $4.7 Billion on WeWork Investment
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SoftBank books loss of $4.7 billion on WeWork investment, before factoring in its bailout of the office-sharing company

TOKYO—SoftBank Group Corp. said Wednesday that it recorded a loss of about $4.7 billion on its investment in U.S. office-sharing company WeWork made through a wholly owned subsidiary.WeWork, formally called We Co.

, had been valued at $47 billion before...
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