SoftBank’s bet on WeWork is causing more pain for the conglomerate. The group said this week that it is expecting a $6.6 billion loss for the year ending March on a portion of its investment in WeWork held outside SoftBank’s Vision Fund. The announcement comes two weeks after SoftBank told investors that its annual operating losses would reach a record 1.35 trillion yen ($12.6 billion), and at a time when WeWork is struggling to navigate
source https://therealdeal.com/2020/04/30/softbank-anticipates-6-6b-loss-on-wework-investment/
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