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SoftBank Scraps $16 Billion Plan to Buy Most of WeWorkSoftBank Group has halted a planned $16 billion investment in shared-office space provider WeWork, opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners. Taiwan stock market closed lower, Taiwan Weighted ... China stock market closed lower, Shanghai Composite Indonesia stock market closed lower, IDX Composite ... Australia stock market closed lower, S & P / ASX 200 does not ... Shedoestech Can’t pretend that I’m even a little bit surprised. The sad part is WeWork is just going to keep throwing money at this problem. Sooner or later, they’re just going to end up like KWNYC.
Source: WSJ - 🏆 98. / 63 Read more »
SoftBank scraps $16 billion WeWork investment in favor of smaller dealSoftBank Group Corp. has scrapped a planned $16 billion investment in shared-office space provider WeWork Cos., opting instead for a smaller deal of about $2 billion amid market turbulence and opposition from investment partners, according to people familiar with the matter.
Source: MarketWatch - 🏆 3. / 97 Read more »